The Distributed Lag Between Capital Appropriations and Expenditures¶
Almon, S. (1965). The Distributed Lag Between Capital Appropriations and Expenditures. Econometrica, 33(1), 178-196.
Cited by¶
1 citation across 1 artifact.
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Mechanisms¶
- Distributed Lag Model
- Its failure mode is collinearity turned into false precision: adjacent lag coefficients of a smooth input are nearly redundant, so unconstrained estimates wobble wildly and an analyst who imposes a shape
This sourceIntroduces a distributed-lag method that assumes successive lag weights lie on a polynomial curve.
- Its failure mode is collinearity turned into false precision: adjacent lag coefficients of a smooth input are nearly redundant, so unconstrained estimates wobble wildly and an analyst who imposes a shape
Verification¶
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