Corrigendum

Abstract

"P18 denotes the reduced form for m parameters. If the equation is just identified, then it contains exactly M-1 linear equations for the same number of unknown in coefficients like b. This method has been referred to as Indirect Least Squares (ILS). However, if the equation is overidentified then there are more equations than unknown parameters. One can arbitrarily select any MÀ1 columns of P to for solve for b P of P. In the second stage, least square is applied to the structural equation using the predicted values of Ys."Along with this paragraph, the footnote no. 18 also stands deleted.Apologies for the inconvenience due to this inadvertent mistake.