QUESTION 13Assume that data are available on other characteristics of the subjects that are relevant to determining the randomized experimentaloutcome. Then not including these determinants explicitly results in:a. the limited dependent variable model.b.omitted variable bias.С.the multiple regression model.d. large scale equilibrium effects.е.All of the above.Of.None of the above.

The correct option is 'a' i.e., The limited dependent variable model.

Answered: QUESTION 13 Assume that data are…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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