Justifying Instruments in CausalPy

regression
instrumental variables
causal inference
Author

Nathaniel Forde

Published

June 15, 2024

The Strength of Instruments

In this project I sought to outline the process of justifying instrumental variable regressions in CausalPy using the Bayesian modelling workflow. We emphasised the role of exploratory data analysis and plotting in how we come to understand the causal dynamics at play in our data generating process. The focus was on the manner of justification and role of comparative assessment in credible inference. The demonstration can be seen here.

Comparison with OLS