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1 2 3 4 5 6 7 8 9 | # Replicate the comparison of OLS and LAD in section 9.8.1
# of William Greene's Econometric Analysis, 4e
open greene9_1.gdt
series l_valadd = log(valadd)
list X = capital labor
list lX = log(X)
ols l_valadd 0 lX
set seed 12347
lad l_valadd 0 lX
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