The regression specified for private investment is I = a¡ + a2 Y+ az CRD +u . The results from estimating the regression are presented below. The sample covers the annual series spanning from 1981-2020 (n=40). = 2.4 + 0.75 Y, + 0.45 CRD, (1.02) (0.26) (0.12)

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.