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Intuitively explain why the assumption is violated. How would you explain the issue to a fast-food executive? Group of answer choices Price of fries and
Intuitively explain why the assumption is violated. How would you explain the issue to a fast-food executive? Group of answer choices Price of fries and soda are highly correlated so price of fries is not a good control variable to be included in the regression. The price of soda, fries, burgers, and chicken nuggets will all vary in concert as the neighborhood varies, so the price of fries is an endogenous independent variable, in that it is likely to be jointly determined with the dependent variable, the price of soda
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