Question: Select the statement which is true: Adding dummy variables to a linear regression model will not account for jumps or non - linearity in the
Select the statement which is true:
Adding dummy variables to a linear regression model will not account for jumps or nonlinearity in the data.
Linear regression can be extended beyond a single xvariable that relates to y without affecting robustness asymptotic efficiency
Ordinary Least Squares as a methodology, relies on specific assumptions which, when violated can produce biased results.
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