Clearly explain why bias occurs in a simultaneous system. What does your response have to do with
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Clearly explain why bias occurs in a simultaneous system. What does your response have to do with the error terms?
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In a simultaneous system of equations bias can occur due to endogeneity which arises when one or more explanatory variables are correlated with the er...View the full answer
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Related Book For
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster
Question Posted:
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