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Economics Homework Help
Economics Homework Help
Question
In a multiple regression equation such as Y-0+Axli t. +Arxki +6, the error term captures all of the determinants of the dependent variable that are not included in the regression. If the error term captures variable that are omitted from the regression, why doesn't every regression suffer from an omitted variable bias problem? Said differently, how can we ever trust that our B is an unbiased estimate of Bk?
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20 Sep 2017
Due Date: 20 Sep 2017
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