Concept information
Preferred term
simultaneous equations
Definition
- A problem in ∗regression analysis that occurs when a variable can be both a cause and an effect. Alternatives to ∗least squares methods must be used when the direction of causation is unclear or when some variables are believed to be both the cause and effect of others. [Source: Dictionary of Statistics & Methodology; Simultaneous Equations]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/simultaneous_equations
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