Simultaneous Equations Model
Simultaneous equation models are a form of statistical model in the form of a set of linear simultaneous equations. They are often used in econometrics.
Read more about Simultaneous Equations Model: Structural and Reduced Form
Famous quotes containing the words simultaneous and/or model:
“Ours is a brand—new world of allatonceness. “Time” has ceased, “space” has vanished. We now live in a global village ... a simultaneous happening.”
—Marshall McLuhan (1911–1980)
“The best way to teach a child restraint and generosity is to be a model of those qualities yourself. If your child sees that you want a particular item but refrain from buying it, either because it isn’t practical or because you can’t afford it, he will begin to understand restraint. Likewise, if you donate books or clothing to charity, take him with you to distribute the items to teach him about generosity.”
—Lawrence Balter (20th century)