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Describe the three main potential pitfalls inherent in using time-series regression that are not present for cross-sectional models. If we dont account for those pitfalls,

Describe the three main potential pitfalls inherent in using time-series regression that are not present for cross-sectional models. If we don’t account for those pitfalls, describe whether we still can trust the OLS results. Explain your answer in no more than 100 words.

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