Examlex
Consider the following simple regression model y=β0 + β1x1 + u.Suppose z is an instrument for x.if Cov(z,u) = 0 and Cov(z,x) ≠ 0,the value of β1in terms of population covariances is _____.
Interest Rate
The percentage charged or paid for the use of money on a yearly basis.
Guaranteed
A commitment or assurance, often by a third party, that certain conditions will be fulfilled, including payments or the performance of contractual obligations.
Interest Rate
The rate at which a portion of money is applied as a fee for its loan, commonly expressed per annum.
Present Value
The calculated present value of future monetary sums or cash flow series, with a defined rate of return.
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