I'm a beginner and I heard about GMM, but I don't really understand what it is. Can someone explain GMM to me in simple terms that a dummy like me can understand?
6 answers
CryptoChampion
Sun Nov 10 2024
The generalized method of moments (GMM) is a statistical approach utilized in various fields.
DigitalDynastyQueen
Sun Nov 10 2024
It integrates observed economic data to form a basis for estimation.
CherryBlossomGrace
Sun Nov 10 2024
This method leverages the information contained in population moment conditions.
CryptoLordess
Sun Nov 10 2024
By doing so, GMM aims to derive estimates for unknown parameters.
JejuJoyfulHeartSoul
Sat Nov 09 2024
These parameters are essential in understanding and predicting economic models.