We necessarily do not have an omitted variable bias problem the omitted variable is uncorrelated with the included variable.

Name: We necessarily do not have an omitted variable bias problem the omitted variable is uncorrelated with the included variable.
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Question

Quizplus · Accepted Answer

If the omitted variable is uncorrelated with the included variable, then it is not related to the dependent variable either, and therefore does not create an omitted variable bias problem.

We Necessarily Do Not Have an Omitted Variable Bias Problem