estimating multiple equation model
Posted: Thu May 27, 2010 6:11 am
first i need to describe the model a little. I am trying to estimate the values of players.
i got these data: value,age,primary stats,secondary stats, form, potential.
the problem is that most of the data is rounded and both primary stats and secundary stats are the sum of two rounded variables i can't observe, but the most important is that this means that if i get a primary stat of 20 it could be between 19-21 in reality. Also the potential isn't exactly observable, but i know in which interval it is. Currently i just use the middle of this interval as value for potential. The form and age are observed correctly. Furthermore, the equation is not really linear. I solved this by taking the log of the value which solves most problems but doesn't really take the incorrect observations into account.
i want to estimate a model like:
log(value)=c(1) + c(2)*primR + c(3)*secR +c(4)*potentialR+ C(4)*form + c(5)*age
primR=prim + error
secR=sec + error
potentialR= potential + error
i tried to give eviews a system of equations, but it just doesn't seem to work. I got about 15000 observations so that is not the problem if you are worried about estimating. Maybe i am making this to difficult since i estimated a decent model just using the first equation without errors, but i know there is a perfect relation between the value and the other parameters so i am trying to get an almost 100% fit.
Any help is appreciated.
i got these data: value,age,primary stats,secondary stats, form, potential.
the problem is that most of the data is rounded and both primary stats and secundary stats are the sum of two rounded variables i can't observe, but the most important is that this means that if i get a primary stat of 20 it could be between 19-21 in reality. Also the potential isn't exactly observable, but i know in which interval it is. Currently i just use the middle of this interval as value for potential. The form and age are observed correctly. Furthermore, the equation is not really linear. I solved this by taking the log of the value which solves most problems but doesn't really take the incorrect observations into account.
i want to estimate a model like:
log(value)=c(1) + c(2)*primR + c(3)*secR +c(4)*potentialR+ C(4)*form + c(5)*age
primR=prim + error
secR=sec + error
potentialR= potential + error
i tried to give eviews a system of equations, but it just doesn't seem to work. I got about 15000 observations so that is not the problem if you are worried about estimating. Maybe i am making this to difficult since i estimated a decent model just using the first equation without errors, but i know there is a perfect relation between the value and the other parameters so i am trying to get an almost 100% fit.
Any help is appreciated.