Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume you run the regression above with actual measured values for all variables. However, you collected the data only from individuals who were 22 years

Assume you run the regression above with actual measured values for all variables. However, you collected the data only from individuals who were 22 years of age or younger. Assuming that on average someone with 16 years of education will be 22, and that the vast majority of individuals with more than 16 years of education are older than 22. What would the direction of the bias be for your coefficient estimate on education, and why

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

9781119563099

Students also viewed these Mathematics questions

Question

Which of the following is an example of Conceptualism?

Answered: 1 week ago

Question

What is LDAP enumeration?

Answered: 1 week ago