Question
The estimated coefficients of every regression will always be subject to an omitted variables biasso that they are always biased and inconsistentbecause it is not
"The estimated coefficients of every regression will always be subject to an omitted variables biasso that they are always biased and inconsistentbecause it is not possible to control for everything. In other words, omitted variable bias is always present." Do you agree or disagree?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
