Mathematics, 03.09.2019 05:10, awdadaddda
Consider the multiple regression model with two regressors x1 and x2, where both variables are determinants of the dependent variable. when omitting x2 from the regression, there will be omitted variable bias for modifyingabove beta with caret 1: a. only if upper x 2 is a dummy variable. b. always. c. if upper x 2 is measured in percentages. d. if upper x 1 and upper x 2 are correlated.
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