Magnetotelluric (MT) surveying is an Electromagnetic (EM) surveying technique used in geophysics and mineral exploration. The main problem in MT surveying is the estimation of the impedance of the ground, which is obtained as the ratio between the natural environmental electric and magnetic fields measured on the surface of the target area. Because these measurements are inherently corrupted by noise, the impedance estimate may be biased (Errors-In-Variables (EIV)), which is a difficulty well-known in MT literature and typically overcome by the use of additional independent measurements. This paper formulates the MT problem as a standard system identification problem, and uses output-error model structures to obtain scalar (SISO) and vector (T...