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  • What is the identification problem in simultaneous equation models? #741
  • What is the difference between structural equations and reduced-form equations in a simultaneous equation model? #742
  • What is the primary purpose of instrumental variables in simultaneous equation models? #743
  • What is meant by the term "exogeneity" in the context of simultaneous equation models? #744
  • In a recursive system of equations, how are the equations ordered? #745
  • What is the concept of over-identification in the context of simultaneous equation models? #746
  • What is the primary challenge in estimating parameters in a simultaneous equation model? #747
  • What is the primary goal of regression analysis in econometrics? #748
  • What type of estimation method is commonly used in simultaneous equation models? #749
  • What is a time series? #750
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