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Please don't copy ans Economics You are given the following theoretical model y = xB + Zy+= (a) Suppose that when estimating the above function

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Please don't copy ans Economics

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You are given the following theoretical model y = xB + Zy+= (a) Suppose that when estimating the above function a student left out a relevant variableZ. What will be the error term in the estimated model? (b) Obtain the bias. (c) Under which condition will & be unbiased

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