Expectation Formation and Financial Ratio Adjustment Processes: A Reply.
评论了一种基于自适应预期分布滞后形式的替代估计方法，讨论了该方法的潜在问题，并展示了迭代普通最小二乘法的参数估计结果。
Abstract Comments on a suggested alternative method based on the distributed lag form of adaptive expectations for estimating the parameters of the partial adjustment and adoptive expectations model. Potential problems of the alternative estimation procedure; Overview of the estimates of parameters by the suggested iterative ordinary least squares method; Findings of the regression model for the partial adjustment coefficient estimates.