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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 soda

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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 soda prices. Use the values in the table below to calculate the 2SLS estimates of the intercept and slope coefficients, d and 25LS Date Average 101.25 Quantity (oz) Average Price 0.0845 (/02.) CON(Sugar, -550.35 Quantity) cov(Sugar, Price) 8.75 6. What is the 2SLS slope coefficient, ? Remember, COVE.Y) Where X is the independent variable, Y is COVE, X) the dependent variable, and z is the instrument

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