How does making functional form choices put less burden on the data collection process of the analyst?
A) By making functional form choices, an analyst can interpolate/extrapolate measures of treatment effects within gaps/beyond the extent of the data sampled.
B) By making functional form choices, an analyst can avoid having to take random samples from the population.
C) By making functional form choices, an analyst can avoid having to ensure that the observations are carefully measured.
D) By making functional form choices, an analyst can avoid having to ensure the dataset is structured.

Question

Quizplus · Accepted Answer

By making functional form choices, an analyst can use mathematical equations to model the relationship between variables, rather than relying solely on observed data points. This allows for the estimation of treatment effects in areas where data may be missing or beyond the extent of the data sampled, reducing the burden on the data collection process.

How Does Making Functional Form Choices Put Less Burden on the Data