Control of a Linear Regression Process with Unknown Parameters
Kiefer, N., & Nyarko, Y. “Control of a Linear Regression Process with Unknown Parameters.” Dynamic Econometric Modelling, edited by Barnett et al., Cambridge University Press, 105-120, 1988.
Applications of forms of control theory to economic policy making have been studied by Theil (1958), Chow (1975, 1981), and Prescott (1972). Many of the applications are approximations to the optimal policy…