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Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501 Exercise 10
Explain why it is difficult to estimate precisely the partial effect of X₁ holding X₂ constant, if X₁ and X₂ are highly correlated.
Explanation
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If 
and are highly correlated then any ...
Introduction to Econometrics 3rd Edition by James Stock, James Stock
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