Consider model Y; = a + pS¡ + yA¡ + vị. If A cannot be observed, what assumptions must hold for a valid instrumental variable Z? Consider model Y; = a + pS; +yA; + vị. If A cannot be observed and Z is a valid instrumental variable, what is the estimate for p?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.2: Exponents And Radicals
Problem 87E
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Consider model Y; = a + pS¡ + yA¡ + vị. If A cannot be observed, what assumptions must hold for a valid
instrumental variable Z?
Consider model Y; = a + pS; + yA; + vj. If A cannot be observed and Z is a valid instrumental variable, what is
the estimate for p?
Transcribed Image Text:Consider model Y; = a + pS¡ + yA¡ + vị. If A cannot be observed, what assumptions must hold for a valid instrumental variable Z? Consider model Y; = a + pS; + yA; + vj. If A cannot be observed and Z is a valid instrumental variable, what is the estimate for p?
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