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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 7
Are the following statements true or false Explain your answer.
a. "An ordinary least squares regression of Y onto X will be internally inconsistent if X is correlated with the error term."
b. "Each of the five primary threats to internal validity implies that X is correlated with the error term."
a. "An ordinary least squares regression of Y onto X will be internally inconsistent if X is correlated with the error term."
b. "Each of the five primary threats to internal validity implies that X is correlated with the error term."
Explanation
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a) In order to be consistent the X indep...
Introduction to Econometrics 3rd Edition by James Stock, James Stock
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