Two-Stage Least Squares instrumental variable estimator.
Stage 1: X = γ₀ + γ₁ * IV + ε Stage 2: Y = β₀ + β₁ * X̂ + ε
ATE = β₁
Two-Stage Least Squares instrumental variable estimator.
Stage 1: X = γ₀ + γ₁ * IV + ε Stage 2: Y = β₀ + β₁ * X̂ + ε
ATE = β₁