Hi,
I've to make a presentation on research methods that happens to include endogenous and instrumental variable. Now, they are not seeming very similar to me, but still I'm failing to draw a clear line and afraid of confusing the two. Can someone kindly explain the differences and similiraries between them in plain words.
Thanks a lot!
I've to make a presentation on research methods that happens to include endogenous and instrumental variable. Now, they are not seeming very similar to me, but still I'm failing to draw a clear line and afraid of confusing the two. Can someone kindly explain the differences and similiraries between them in plain words.
Thanks a lot!