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Short answers 9. Suppose that the price of a second hand car depends on its age (variable name: age), the amount of kilometer it was
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9. Suppose that the price of a second hand car depends on its age (variable name: age), the amount of kilometer it was already driven (variable name: km), and the size of the car's engine (variable name: size) . A researcher omits the variable age run the following regression: price = Bo + Bikm + 32size. Are the estimated coefficients for km and size unbiased? ExplainStep by Step Solution
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