Simultaneous Equations Model

Indirect Least Squares
A method for estimating the structural parameters of a simultaneous equations model by using ordinary least squares on the reduced form.
Reduced Form
A formulation in econometrics where current endogenous variables are expressed in terms of exogenous and predetermined endogenous variables.
Simultaneous Equations Model
An overview of Simultaneous Equations Model (SEM) used in econometrics for modeling relationships among multiple endogenous and exogenous variables.