A Note Concerning Specifications of Interactive Random Coefficient Regression Models

Joseph Gatto, Harry H. Kelejian, and Scott Stephan, Journal of Econometrics 47(2-3), 273-284, February .


An illustration is given which suggests that important specification issues can arise in interactive random-coefficient regression models. These issues relate to the generality of the model, translation of results, and forecasting. A class of specifications is suggested which resolves some of these issues.

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