Omitted variable bias: a. exists if the omitted variable is correlated with the included regressor but is
Fantastic news! We've Found the answer you've been seeking!
Question:
Omitted variable bias:
a. exists if the omitted variable is correlated with the included regressor but is not a determinant of the dependent variable.
b. exists if the omitted variable is correlated with the included regressor and is a determinant of the dependent variable.
c. will always be present as long as the regression R2 < 1.
d. is always there but is negligible in almost all economic examples.
Related Book For
Applied Statistics and Probability for Engineers
ISBN: 978-1118539712
6th edition
Authors: Douglas C. Montgomery, George C. Runger
Posted Date: