Strict exogeneity assumption - intuition

This video provides some intuition as to why violations of the strict exogeneity assumption lead to bias in Ordinary Least Squares estimates. Check out ben-lambert.com/econometrics-course-problem-sets-a… for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: ben-lambert.com/bayesian/ Accompanying this series, there will be a book: www.amazon.co.uk/gp/product/1473916364/ref=pe_3140…

• #howto_style
• #gauss_markov
• #econometrics_field_of_study
• #exogeneity
• #time_series
• #ordinary_least_squares