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Question 15 8 points Save Answer Suppose the population regression model is Y=B0+B1X1+ B2X+ . But you mistakenly just regress Y only on X1.
Question 15 8 points Save Answer Suppose the population regression model is Y=B0+B1X1+ B2X+ . But you mistakenly just regress Y only on X1. If Cov(X1,X2) 0, then the OLS estimate of 1: a. is biased, but still consistent. O b. has a downward bias. c. has an upward bias. O d. is inconsistent, but still unbiased. ?
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Differential Equations and Linear Algebra
Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West
2nd edition
131860615, 978-0131860612
