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PetalsOnWind / Statistics-and-Econometrics-for-Data-Science

This repository contains notebooks for understanding some concepts of statistics and econometrics that can be helpful in data science
MIT License
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Notebook on Simultaneous Equation Models #16

Open PetalsOnWind opened 3 years ago

NiharikaVadlamudi commented 3 years ago

Hi, I would like to work on this issue . But , I need more resources for understanding these equation models , and after that I can get started on it?

basilisk-2001 commented 3 years ago

@PetalsOnWind I'm interested to contribute my ideas on this topic and work on the same , but please give me a detailed explanation on the work that I need to do , as I'm new to open source .

PetalsOnWind commented 3 years ago

For understanding what the topic is about, I would refer you to the Simulatenous Equation Models portion in any econometrics textbook. The portion in Basic Econometrics by Damodar Gujarati is pretty easy to understand to get a very basic idea. If you want video resources, Ben Lambert has a good playlist on YouTube to understand the topics.

One of you can work on identification problem (if the equations are underidentified or over identified) and the other can work on how to solve equations (ILS, 2SLS).

TanviDeore commented 3 years ago

I would like to work on this issue as a participant in GSSoC'21.