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These moment conditions state that the regressors should be uncorrelated with the errors. Since xi is a p-vector, the number of moment conditions is equal to the dimension of the parameter vector β, and thus the system is exactly identified. This is the so-called classical GMM case, when the estimator does not depend on the… Continue reading Least Square Method Formula, Definition, Examples

These moment conditions state that the regressors should be uncorrelated with the errors. Since xi is a p-vector, the number of moment conditions is equal to the dimension of the parameter vector β, and thus the system is exactly identified. This is the so-called classical GMM case, when the estimator does not depend on the… Continue reading Least Square Method Formula, Definition, Examples

If the mark-to-market value drops significantly, it may prompt an investor to sell before losing more money. Conversely, if the value rises, it might encourage Accounting for Marketing Agencies them to hold onto their investment longer. In margin trading accounts, mark-to-market rules require monitoring positions daily and maintaining a minimum margin level. If the account… Continue reading A Traders Guide to Mark-to-Market Accounting and Structuring Your Trading Business

Hiring a Certified Public Accountant (CPA) is one of the best things you can do for your law practice. This is especially important for new lawyers, young lawyers, or lawyers who have been practicing for a long time but in a larger firm where they didn’t have to manage or even worry about these things.… Continue reading Accounting for Law Firms: A Guide Including Best Practices