Scope
Many other popular estimation techniques can be cast in terms of GMM optimization:
- Ordinary Least Squares (OLS) is equivalent to GMM with moment conditions:
- Generalized Least Squares (GLS)
- Instrumental variables regression (IV)
- Non-linear Least Squares (NLLS):
- Maximum likelihood estimation (MLE):
Read more about this topic: Generalized Method Of Moments
Famous quotes containing the word scope:
“Each man must have his “I;” it is more necessary to him than bread; and if he does not find scope for it within the existing institutions he will be likely to make trouble.”
—Charles Horton Cooley (1864–1929)
“As the creative adult needs to toy with ideas, the child, to form his ideas, needs toys—and plenty of leisure and scope to play with them as he likes, and not just the way adults think proper. This is why he must be given this freedom for his play to be successful and truly serve him well.”
—Bruno Bettelheim (20th century)
“Revolutions are notorious for allowing even non- participants—even women!—new scope for telling the truth since they are themselves such massive moments of truth, moments of such massive participation.”
—Selma James (b. 1930)