Question: Use the data set College Distance described in Empirical Exercise 4.3 to answer the following questions. a. Discuss the internal validity of the regressions that

Use the data set College Distance described in Empirical Exercise 4.3 to answer the following questions.

a. Discuss the internal validity of the regressions that you used to answer Empirical Exercise 8.3(i). Include a discussion of possible omitted variable bias. misspecification of the functional form of the regression. errors-in-variables, sample selection, simultaneous causality, and inconsistency of the OLS standard errors.

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