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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 2
In the study of cigarette demand in this chapter, suppose that we used as an instrument the number of trees per capita in the state. Is this instrument relevant Is it exogenous Is it a valid instrument
Explanation
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A valid instrumental variable is a varia...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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