RDP 8709: Estimating the Inflationary Effects of Depreciation Equation (8)

{pc}_{d_{t}} = a + Σ_{i = 0}^{Q} b_{i} (w_{t - i} - z) + Σ_{i=0}^{m} c_{i} {Pe}_{t - i} + Σ_{i=0}^{n} d_{i} {Pm}_{t - i} + {eD}_{t} + ε_{t}