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Lim Jun Jie Lim Jun Jie
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6 years ago
Omitted variable bias
 
  A) will always be present as long as the regression R2 < 1.
  B) is always there but is negligible in almost all economic examples.
  C) exists if the omitted variable is correlated with the included regressor but is not a determinant of the dependent variable.
  D) exists if the omitted variable is correlated with the included regressor and is a determinant of the dependent variable.
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san205san205
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6 years ago
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Lim Jun Jie Author
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6 years ago
Brilliant
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You make an excellent tutor!
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2 hours ago
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