How does an omitted variable affect the error term in a model and what implications does that

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How does an omitted variable affect the error term in a model and what implications does that have for autocorrelation?

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Introductory Regression Analysis With Computer Application For Business And Economics

ISBN: 9780415899338

1st Edition

Authors: Allen Webster

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Question Posted: Feb 27, 2024 03:05 AM

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How does an omitted variable affect the error term in a model and what implications does that

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When an important variable is omitted from a regression model it can lead to an omitted variable bias in the error term Omitted variable bias occurs w...View the full answer

Introductory Regression Analysis With Computer Application For Business And Economics

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