Production and cost functions. A researcher wishes to estimate a production function or a cost function. The object is to estimate not the average production or average cost, but the maximum possible production given a set of inputs or the minimum possible cost of a set of outputs. OLS regression estimates the mean of the dependent variable conditional on the explanatory variables; Quantile regression is based on a quantile (e.g. 10th,25th, median, 75th, 90th), not the maximum or minimum;25
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.