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S4E10 Test Driving Model Identification

Quantitude

CHAPTER

The Trickiness of Identification

Sometimes just because you have the same number of equations and unknowns doesn't mean that you actually can solve for this particular system. The real way to do it is to take each one of the parameters in those equations and solve for them only in terms of the pieces of information that are on the table. That ultimately is the test whether or not you can write a given parameter solely in terms of observed information.

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