Eviews Estimation

P (price) is the potential endogenous explanatory variable and othrsrvcs is the instrumental variable.

Equation Specification:

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`att c expand rex p rinc pop ur win oppwin hwin prev rank temp precip night hist comm finale hc conf lastgame gamescoached rtv ntv`

Instrument List:

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`expand rex othrsrvcs rinc pop ur win oppwin hwin prev rank temp precip night hist comm finale hc conf lastgame gamescoached rtv ntv`

Manual Estimation

I first regressed the potential simultaneous variable (p) on all of the other explanatory variables and the instrument (othrsrvcs).

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`ls p c expand rex othrsrvcs rinc pop ur win oppwin hwin prev rank temp precip night hist comm finale hc conf lastgame gamescoached rtv ntv`

I saved the residuals as the series pfit. I then estimated the original specification with the pfit series instead of p:

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`ls att c expand rex pfit rinc pop ur win oppwin hwin prev rank temp precip night hist comm finale hc conf lastgame gamescoached rtv ntv`