Unlock the power of instrumental variables (IV) in R or Stata to address endogeneity and gain accurate, unbiased estimates in your analysis. This instructional video will guide you step-by-step through the process of setting up and applying instrumental variables to solve real-world issues where traditional regression falls short. Whether you’re handling omitted variables, measurement errors, or reverse causation, IV techniques are essential for delivering trustworthy insights.
We’ll dive into practical examples, showing you how to implement instrumental variable analysis in both R and Stata, so you can follow along in the software of your choice. You’ll learn how to apply Two-Stage Least Squares in practice and interpret your IV results with confidence. With clear instructions and expert tips, this video is designed to make a complex technique accessible, even for those new to econometrics.
Perfect for researchers, analysts, or anyone working with observational data, this video will equip you with the skills to tackle endogeneity challenges head-on. Get ready to enhance your analysis with instrumental variables and take your data insights to the next level.
