A Key Step in Using Instrument Variable Methods Is to

question 4

Multiple Choice

A key step in using instrument variable methods is to

• A)find one or more exogenous variables that influence your dependent variable.
• B)decrease the number of lags in the regression equation.
• C)conduct interviews to determine how accurate your data really is.
• D)run the regression on two different computers to see if the results differ.
• E) eliminate the dependent variable.

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Definitions:

Compensation

In psychology, a strategy whereby one covers up, consciously or unconsciously, weaknesses, frustrations, desires, or feelings of inadequacy or incompetence in one life area through gratification or (drive to excel) in another area.

Adler

Alfred Adler, an Austrian medical doctor, psychotherapist, and founder of the school of individual psychology, known for his theories on personality, inferiority complex, and the importance of societal factors in individual development.

Strengths

Strengths are natural abilities or talents that individuals can utilize to perform tasks effectively or to cope with challenges.

Collective Unconscious

Jung’s term for the impersonal, deepest layer of the unconscious mind, shared by all human beings because of their common ancestral past.