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What problems of Oridinary Least Squares regression can the Instrumental Variable Regression be used to address? What is the standard error of an estimate, and

  1. What problems of Oridinary Least Squares regression can the Instrumental Variable Regression be used to address?
  2. What is the standard error of an estimate, and what role does it play in simple linear regression and correlation analysis?
  3. Explain two key strength and two key weakness of randomizing any development intervention.
  4. Using a simple equation, explain the difference between causation and correlation, highlighting the role of confounding factors.
  5. What is the difference between Prospective and Retrospective Evaluation?

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