We included the variable X₁ in a linear model that explains the variable Y, but we did not include X2, a variable that we believe has a strong positive correlation with Y. All else constant, the larger [Select ] the larger will be the omitted variable (positive) bias.
We included the variable X₁ in a linear model that explains the variable Y, but we did not include X2, a variable that we believe has a strong positive correlation with Y. All else constant, the larger [Select ] the larger will be the omitted variable (positive) bias.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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