This paper examines the ordinary least squares (OLS) estimator of the structural parameters in a class of stylised macroeconomic models in which agents are boundedly rational and use an adaptive learning rule to form expectations of the endogenous variable. The popularity of this type of model...

This paper aims at identifying a most frequently multivariate technique,Principal Components Analysis (PCA), to solve a multicollinear single equation econometric model .results of the method used were compared to Ordinary Least Squares (OLS) and(Two Stages Least Squares (2SLS) to see if...