Explain why endogeneity is a potential problem in random effects models, and how it affects our choice
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Explain why endogeneity is a potential problem in random effects models, and how it affects our choice of estimator.
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Endogeneity refers to a situation in which a predictor variable in a statistical model is correlated with the error term This correlation violates the ...View the full answer
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Related Book For 
Principles Of Econometrics
ISBN: 9781118452271
5th Edition
Authors: R Carter Hill, William E Griffiths, Guay C Lim
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