Equations that have more than one unknown can have an infinite number of solutions. For example, \(2x + y = 10\) could be solved by: \(x = 1\) and \(y = 8\) \(x = 2\) and \(y = 6\) \(x = 3\) and \(y = ...
Simultaneous equations are two or more equations with two or more variables. They are simultaneous because they can be solved to give values for the variables that are equal in each equation. This is ...
You can use a SOLVE statement to solve the nonlinear equation system for some variables when the values of other variables are given. Consider the demand and supply model shown in the preceding ...
Journal of Applied Econometrics, Vol. 10, No. 2 (Apr. - Jun., 1995), pp. 187-200 (14 pages) We propose a general strategy to estimate semi-parametrically simultaneous equations with limited dependent ...