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v370wk08alemeevh d) Are there omitted variables? (Run appropriate test(s): State Ho, test, inference ) e) Is model specied correctly? (Run appropriate test(s): State Ho, test,

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v370wk08alemeevh d) Are there omitted variables? (Run appropriate test(s): State Ho, test, inference ) e) Is model specied correctly? (Run appropriate test(s): State Ho, test, inference) f) Is there multicollinearity problem? What is your conclusion? (Do all appropriate assessments)

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