Suppose you are interested in studying the factors that influence wages. You plan on using a multiple regression model with k = 3 explanatory variables. In particular, you plan on estimating: wage Bo + Bieduc + B2exper+B3 age where wage hourly wage in dollars educ years of education exper years of work experience age age, in years An alternative way of estimating 2 would be to regress wage on F₁2, (wage, = Bo + B₁2), where are the residuals from a regression of Suppose the following represents a simple regression model of wage on educ. wage = Bo + B₁ educ where wage hourly wage in dollars educ = years of education True or False: If educ is uncorrelated with both age and exper, then B₁ will be the same as ₁. O True O False

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