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Econometrics is a field of statistics dealing with applications to economics.

0 votes
0 answers
153 views

In large sample, does IV fit better than OLS?

This is taken from Hansen's econometrics textbook. Take the linear model: $$Y = Z\beta + e $$ Let the residuals in an IV regression be $\tilde e$ and in an OLS regression $\hat e$. …
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11 votes
3 answers
2k views

Why can we ignore missing data if it's missing at random?

I have seen many resources on econometrics claiming this without giving a proof. …
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