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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 16
Key Concept 9.2 describes the problem of variable selection in terms of a trade-off between bias and variance. What is this trade-off Why could including an additional regressor decrease bias Increase variance
Explanation
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Including variables is a way to treat om...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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