Rating 4.4 out of 5 (51 ratings in Udemy)
What you'll learn- Understand the endogeneity bias
- Understand how the 2-Stage Least Squares model can mitigate the endogeneity bias
- Identify potential instrumental variables for the 2-Stage Least Squares model
- Understand the mechanics of the Durbin Wu-Hausman Test for endogeneity
- Understand how to test for the strength and validity of instrumental variables
- Estimate the 2-Stage Least Squares model in Stata and EViews
- Conduct the diagnostic …
Rating 4.4 out of 5 (51 ratings in Udemy)
What you'll learn- Understand the endogeneity bias
- Understand how the 2-Stage Least Squares model can mitigate the endogeneity bias
- Identify potential instrumental variables for the 2-Stage Least Squares model
- Understand the mechanics of the Durbin Wu-Hausman Test for endogeneity
- Understand how to test for the strength and validity of instrumental variables
- Estimate the 2-Stage Least Squares model in Stata and EViews
- Conduct the diagnostic tests of the 2-Stage Least Squares model in Stata and EViews
- Excel in their formal learning of the 2-Stage Least Squares model by building upon what is learnt in this course
DescriptionWelcome to my on 2-Stage Least Squares (2SLS). This course is carefully designed for students/researchers who are learning 2SLS for the first time and who are not quantitatively inclined.
In fact, this course is entirely NON-MATHEMATICAL!
This course is perfect for learning the intuition and logic of 2SLS and its corresponding diagnostic tests before formally learning the derivation and mathematics from an econometrics course or textbook.
Moreover, this course covers the application of 2SLS and its diagnostic tests using two of the most popular econometrics software packages, Stata and EViews.
At the end of this course, the student will have a clear understanding of why 2SLS is used and how it is implemented, and be able to estimate a 2SLS model using empirical data.
