Sentence examples for contemporaneous correlation from inspiring English sources
The PCSE estimator controls for the heteroskedastic and contemporaneous correlation in the error term across units.
This estimator has the advantage of correcting heteroskedasticity and contemporaneous correlation.
This system was estimated using seemingly unrelated regression with random effects to account for the contemporaneous correlation across the two equations.
Im et al. [28] proposed demeaning procedure (subtracting group mean from the data) to denounce the contemporaneous correlation of the data.
The existence of common shocks among sample countries could result in creating contemporaneous correlation, popularly known as cross section dependency, among the different countries included in the panel.
He also finds evidence that the contemporaneous correlation has decreased over time, but correlation between unemployment lagged growth rates has increased.
The second common factors are slightly correlated with (ln x_t), having contemporaneous correlations of 0.13 and 0.08 for PC and PLS, respectively.
Seemingly Unrelated Regressions (SUR) were also considered (not reported) to allow for cross-equation contemporaneous correlations, yielding very similar results.
Furthermore, SUR accounts for cross-equation contemporaneous correlations but assumes cross-time independence of the residual vectors.
This methodology seeks to eliminate the inefficiency, assuming consistency, of the coefficients estimated by POLS, since OLS do not take into account possible contemporaneous correlations of errors (Beck and Katz 1995).
The assumption of the model is that error terms are independent across time, but may have cross-equation contemporaneous correlations.
