Question: Imagine you would like to estimate the effect ofthe amount of rainfall in a given month in a region on the number of cars that

 Imagine you would like to estimate the effect ofthe amount of

rainfall in a given month in a region on the number of

Imagine you would like to estimate the effect ofthe amount of rainfall in a given month in a region on the number of cars that were caught speeding in that region in a given month. You have data on both variables for multiple months. For this estimation. you can write down the error term of the econometric model as a,- + um. a} What kind of factors are captured in (If? Give a general explanation and one example of such a factor in the specic context described above. b) What kind of factors are captured in \"it? Give a general explanation and one example of such a factor in the specic context described above

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