Two Stage Least Squares Is Calculated as Follows; in the First

question 17

Multiple Choice

Two Stage Least Squares is calculated as follows; in the first stage:

• A)Y is regressed on the exogenous variables only. The predicted value of Y is then regressed on the instrumental variables.
• B)the unknown coefficients in the reduced form equation are estimated by OLS, and the predicted values are calculated. In the second stage, Y is regressed on these predicted values and the other exogenous variables.
• C)the exogenous variables are regressed on the instruments. The predicted value of the exogenous variables is then used in the second stage, together with the instruments, to predict the dependent variable.
• D)the unknown coefficients in the reduced form equation are estimated by weighted least squares, and the predicted values are calculated. In the second stage, Y is regressed on these predicted values and the other exogenous variables.

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Definitions:

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An element in rhetoric that appeals to the emotions of the audience.

Argument By Emotion

A persuasion technique that relies on emotional appeals rather than logical facts.

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Logos is a principle in classical rhetoric that represents logical reasoning or argument, and in branding, it refers to a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

Argument By Logic

Persuasion or debate technique where the focus is on using reasoned and structured reasoning to support a position or refute an opposing one.