Sequence of steps followed in the estimation of Indirect Least Square (ILS) starting from the beginning:
A. Identification of the structural equations
B. Application of OLS
C. Obtaining structural coefficients
D. Obtaining reduced form equation
E. Use the model for policy
Choose the correct answer from the option given below:
1
A, D, B, C and E
2
A, B, D, C and E
3
B, D, A, E and C
4
B, A, C, D and E