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( Definitions and concepts ) Define or describe the followings. Stick to the nota - tion from the lectures. You need to add your explanations
Definitions and concepts Define or describe the followings. Stick to the nota
tion from the lectures. You need to add your explanations in words, if you use
mathematical expressions. Be complete and concise. Adding irrelevant material
will be penalized.
a Endogeneity
b Significance level
c Pvalue
d Perfect collinearity
e Multicollinearity
f The multicolinearity problem
g The biasvariance tradeoff in adding an additional independent variable
specify the conditions of the tradeoff
h Dummy variable trap
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