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मार्कोव रेजीम-स्विचिंग मॉडल (MS-AR / MS-VAR)×साधारण न्यूनतम वर्ग (OLS) समाश्रयण×
क्षेत्रअर्थमितिअर्थमिति
परिवारRegression modelRegression model
उद्भव वर्ष19892019
प्रवर्तकHamilton (1989); Kim & Nelson (1999)Wooldridge (textbook treatment); classical least squares
प्रकारRegime-switching time series modelLinear regression
मौलिक स्रोतHamilton, J. D. (1989). A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Econometrica, 57(2), 357-384. DOI ↗Wooldridge, J. M. (2019). Introductory Econometrics: A Modern Approach (7th ed.). Cengage Learning. ISBN: 978-1337558860
उपनामregime-switching model, Markov-switching autoregression, MS-AR, MS-VARordinary least squares, classical linear regression, linear regression, en küçük kareler regresyonu
संबंधित55
सारांशThe Markov regime-switching model lets the parameters of a time series change probabilistically across hidden regimes governed by a Markov chain. Introduced by Hamilton (1989) and developed further by Kim and Nelson (1999), it automatically detects business-cycle phases such as expansions and contractions.Ordinary Least Squares is the classical linear regression method that explains a continuous outcome as a linear combination of predictors. It estimates the coefficients by minimising the sum of squared residuals, and under the Gauss-Markov assumptions these estimates are the best linear unbiased estimator (BLUE).
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