Why should we not include irrelevant variables in our regression analysis?
A) Your R-squared will become too high
B) Because of data limitations
C) It is bad academic fashion not to base your variables on sound theory
D) We increase the risk of producing false significant results
Correct Answer:
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Q1: Which one of these statements is not
Q3: How can we deal with the breach
Q4: What is the best way to find
Q5: Name another way of modelling nonlinearity
A) Using
Q6: Which statistic(s) can help us detect multicollinearity?
A)
Q7: What does heteroskedasticity mean?
A) The variance in
Q8: What are the two ways we can
Q9: What does robust regression do?
A) Performs an
Q10: Which one is not a measure of
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