An alternative approach for introducing instrumental variables in econometrics courses is presented in this article. The method is based on the ordinary least squares omitted variable bias formula. The intuition for the approach capitalizes on students' understanding and intuition of omitted variables. Thus, if students understand omitted variable…

Summary statistics and data visualizations are often used to explore data and draw preliminary conclusions. Although valuable, these tools do not always reveal the underlying patterns and trends in the data and can sometimes be misleading. We describe an approach for teaching the need for more advanced statistical analysis using multiple linear…

Percentage of body fat, age, weight, height, and 14 circumference measurements (e.g., waist) are given for 184 women aged 18-25. Body fat, one measure of health, was accurately determined by an underwater weighing technique which requires special equipment and training of the individuals conducting the process. Modeling body fat percentage using…