53.1k views
3 votes
What do PMM and GMM stand for?

A) PMM stands for ______ and GMM stands for ______.
B) PMM stands for ______ and GMM stands for ______.
C) PMM stands for ______ and GMM stands for ______.
D) PMM stands for ______ and GMM stands for ______.

User Heycosmo
by
7.3k points

1 Answer

2 votes

Final answer:

PMM stands for Perfect Market Model, a theoretical model in economics, and GMM stands for Generalized Method of Moments, an econometric estimation technique.

Step-by-step explanation:

PMM stands for Perfect Market Model, which refers to a hypothetical market structure that assumes perfect competition where no individual buyer or seller has the power to influence the price of a product. In contrast, GMM stands for Generalized Method of Moments, which is an econometric technique used to estimate parameters in models characterized by a set of moment conditions derived from economic theory and assumptions.

User Jeff Schaller
by
7.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.