Two-Stage Least Squares (2SLS) Regression in Stata

Introduction Many econometric models often get afflicted by what is called the endogeneity problem. This happens when one or more independent variables are correlated with the error term (omitted variable bias), or when the dependent and independent variables jointly determine each other (simultaneity bias). This problem needs to be addressed because in the presence of …

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How to Test Normality in R

Normality refers to the typical feature of a normal distribution, which is a precise type of probability distribution with uncommon qualities that make it particularly relevant for various statistical investigations. In many statistical analysis, determining whether your data follows a normal distribution requires checking the normality of data. There are different ways to check for …

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