Question: 1. Covariate Adjustment [Total: 8 points] When analyzing an experiment using regressions, researchers sometimes control for covariates that are measured before the experiment. This procedure

1.Covariate Adjustment [Total: 8 points]

When analyzing an experiment using regressions, researchers sometimes control for covariates that are measured before the experiment. This procedure is known as covariate adjustment. Evaluate the statement: "Covariate adjustment will systematically reduce the ATE estimate."Is the statement correct? Write down "True" or "False". [4 points] Explain your reasoning. [4 points]

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