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Economics There are four statements below. Which one of them is true? a. The coefficient of determination (R2) decreases when an independent variable is added
Economics There are four statements below. Which one of them is true? a. The coefficient of determination (R2) decreases when an independent variable is added to a multiple regression model. b. A larger error variance makes it difficult to estimate the partial effect of any of the independent variables on the dependent variable. c. A larger variance for a coefficient {3-) means a more precise estimator. d. The key assumption forthe general multiple regression model is that all factors in the unobserved error term are correlated with the explanatory variables
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