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