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:

Teller Amendment

A resolution passed in 1898 that promised the United States would not annex Cuba following the Spanish-American War and would recognize Cuban independence.

Annex Cuba

The idea or historical attempts to incorporate Cuba into the United States as a territory or state.

American Intention

Refers to the underlying goals or motives behind the United States' actions or policies domestically or internationally.

Declaration of War

A formal declaration by a government that authorizes military conflict and states a state of war exists, historically used to signify the start of hostilities between entities.