3SLS

(redirected from Three Stage Least Squares)
AcronymDefinition
3SLSThree Stage Least Squares
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References in periodicals archive ?
Table 4 provides empirical results from the estimated supply and demand models, using the Three Stage Least Squares estimation of simultaneous equations.
The magnitudes of all the coefficients for all the variables in supply and demand models in the case of the three estimation procedures are approximately equal except the coefficients of the deflated salary in the demand and supply functions in the case of three stage least squares estimation procedure.
The supply and demand models, in the case of Three Stage Least Squares estimation procedure, explain about 98.7 percent of the variation in the dependent variable.
For any given quarter in a given year, the models in the case of three stage least squares estimation procedure (based on the figures in table 4) could be shown as given below.