Category: Statistical Modeling
Multicollinearity Regression Analysis: 5 Effective Remedies & Detection Methods
Multicollinearity Regression Analysis: 5 Powerful Remedies & Smart Detection Techniques Master the art of multicollinearity regression analysis with 5 powerful remedies and smart techniques for accurate detection and resolution. Introduction In econometrics, multicollinearity regression analysis is a crucial concept that every researcher must understand. It occurs when independent variables are highly correlated, causing instability in…
2SLS Instrumental Variables: Proven Method to Fix Endogeneity (2025 Guide)
2SLS Instrumental Variables: Proven Method to Fix Endogeneity (2025 Guide) Excerpt: Learn how 2SLS instrumental variables resolve endogeneity problems in regression analysis. This guide covers the principles, stages, assumptions, and real-world applications of Two-Stage Least Squares. Understanding Instrumental Variables and the Two-Stage Least Squares (2SLS) Method Table of Contents Introduction Endogeneity Problem in Econometrics What…