Instrumental variablesa are only valid if they are, Ask an Expert

Economics

Instrumental variables:

a. are only valid if they are correlated with the error term.

b. are only valid if they are uncorrelated with the dependent variable.

c. are only valid if they are uncorrelated with the explanatory variables.

d. are strong if they are highly correlated with the error term.

e. none of the above

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91570743

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