1 (6 points) Explain the consequence if you omit a relevant explanatory variable from a regression 2 (19 points) Suppose that we want to estimate the effect of city credit ratings on the municipal bond interest rate (MBR) using dummy variables using the following regression model (Model 1) 1 (6 po...

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1. (6 points) Explain the consequence if you omit a relevant explanatory variable from a regression....

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Introductory Econometrics A Modern Approach

ISBN: 978-0324660548

4th edition

Authors: Jeffrey M. Wooldridge

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1. (6 points) Explain the consequence if you omit a relevant explanatory variable from a regression....

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Introductory Econometrics A Modern Approach

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