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Because the price of soda is likely endogenous, you decide to use the price of sugar, an ingredient in goda, as an instrument for code
Because the price of soda is likely endogenous, you decide to use the price of sugar, an ingredient in goda, as an instrument for code prices. Use the values in the table below to calculate the 251 5 estimates of the intercept and slope coefficients, d and 251 5 Data Average 101.25 Quantity (oz.) Average Price 0_0845 (5/OZ.) COM SWEAT. -550.35 Quantity) covSugar, Price) 8.75 6. What is the 2SLS slope coefficient, B. ? Remember, BILL E (z-z(y- v) COVE,Y) Where X is the independent variable, V COVE, X) the dependent variable, and z ig the instrument
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