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"No valid observations in equation"

Posted: Wed Aug 31, 2011 1:55 pm
by jpk
Hi,

In the attached workfile, when I try to estimate the system "EZ" by GMM I receive the error message "No valid observations in equation". Could somebody please explain what exactly this means and how I can resolve it? Any assistance is well appreciated!

Re: "No valid observations in equation"

Posted: Wed Aug 31, 2011 2:31 pm
by startz
You probably have bad starting values for the c parameters.