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method, and the limited information maximum likelihood method. All of these methods used theoretical, a priori restrictions. According to an article by Carl F. Christ, the Cowles approach was grounded on certain assumptions:
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It was created as the Cowles
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for research done while at the Cowles
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to model an economy. Its ultimate goal in doing so was to gain
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4. Discrete variable changes as opposed to continuous;
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2. Linear or logarithmic equations and disturbances;
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