## Frisch-Waugh-Lovell Theorem: Animated

Update: The code for these animations is available here. The Frisch-Waugh-Lovell theorem states that within a multivariate regression on and , the coefficient for , which is , will be the exact same as if you had instead run a regression on the residuals of and after regressing each one on separately. The point of … Continue reading Frisch-Waugh-Lovell Theorem: Animated