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Single Equation Models • Single Variables

Single equation models and single variables (JEL C2) cover econometric models with a single dependent variable.

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Scope

It includes regression, instrumental variables, limited-dependent-variable and time-series single-equation models.

Sub-topics

Core questions

  • How is a single-equation regression estimated?
  • How are endogeneity and selection handled?
  • How are limited and discrete outcomes modelled?

Key concepts

  • Regression
  • Instrumental variables
  • Limited dependent variables
  • Endogeneity
  • Robust standard errors

Related topics

Frequently asked questions

What are instrumental variables?
A method using instruments correlated with an endogenous regressor but not the error to recover causal effects.

Methods for this concept

Related concepts