overidness
noun as in strong fondness
Word Combinations
Example:The model suffers from overidentifiability due to the use of more instruments than the number of exogenous variables.
Definition:A statistical concept in econometrics where the model includes more instruments than necessary, leading to potential issues in estimating the parameters correctly.
From overidentifiability
Example:The researcher carefully checked for overidentification in the instrumental variables model to avoid biased results.
Definition:A situation in econometrics where there are more instrumental variables than necessary, leading to difficulties in model estimation.
From overidentification
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