hello
how can i fix the problem of receiving the message "number of instruments greater than number of observations"
thanks
number of instruments greater than number of observations
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startz
- Non-normality and collinearity are NOT problems!
- Posts: 3798
- Joined: Wed Sep 17, 2008 2:25 pm
Re: number of instruments greater than number of observation
Without meaning to sound frivolous, get more observations or use fewer instruments.
Re: number of instruments greater than number of observation
but how can i choose the correct number of instruments
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startz
- Non-normality and collinearity are NOT problems!
- Posts: 3798
- Joined: Wed Sep 17, 2008 2:25 pm
Re: number of instruments greater than number of observation
You need as many, or more, instruments as you have right hand side variables. Past that, you'll have to explain what you're doing and see if someone has more specific advice.
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