(a) (i) Why is the presence of endogeneity such an important issue in economic analysis (10 Marks) (ii) What is an instrumental variable (IV) Give an example of an instrumental variable that could be used to solve a simultaneity problem between two variables and explain why it is valid (5 Marks) (...

i The presence of endogeneity is a significant issue in economic analysis because it violates the as ...

(a) (i) Why is the presence of endogeneity such an important issue in economic analysis? (10...

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(a) (i) Why is the presence of endogeneity such an important issue in economic analysis? (10...

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Personal Finance Turning Money into Wealth

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