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Instrumental variable (IV) methods are used in econometrics to address issues of endogeneity and omitted variable bias. When traditional regression methods fall short, IV techniques provide robust solutions to yield more accurate estimates. Our new service focuses specifically on helping students grasp the theoretical concepts and practical applications of instrumental variables, ensuring they can confidently approach their homework and exams.

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Subtopics Covered
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Introduction to Instrumental Variables
Understanding Endogeneity and Omitted Variable Bias
Choosing Valid Instruments
Two-Stage Least Squares (2SLS) Estimation
Common Mistakes in IV Estimation
Real-World Applications of Instrumental Variables
Interpretation of IV Results
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