, which Maddala describes as the fundamental tool for empirical economists. The Conflict
: Introduces simultaneous equations models using techniques like Two-Stage Least Squares (2SLS) and Three-Stage Least Squares (3SLS) for complex economic interactions like supply and demand. gs maddala introduction to econometrics pdf
We can distinguish three main goals of econometrics, namely, i) Analysis, i.e., testing of economic theory, ii) Policy making, ie. SILAPATHAR COLLEGE Introduction to Econometrics | GS MADDALA , which Maddala describes as the fundamental tool