If omitted variables are uncorrelated with the other independent variables,a bias in the estimation of coefficients occurs.
Correct Answer:
Verified
Q88: If the independent variables in a regression
Q89: Dummy variables cannot be used to estimate
Q90: Experimental design methods are used extensively in
Q91: The estimated standard deviation of the slope
Q92: Failure to include the proper set of
Q94: When time-series data are analyzed,the error term
Q95: Positive correlation leads to small values of
Q96: In many time-series applications,the dependent variable in
Q97: If dummy variables are used to represent
Q98: When models exhibit heteroscedasticity,least squares is the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents