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What is the advantage of using panel data to make statistical and economic inferences? Give some examples of unobserved state specific variables (i) that are

What is the advantage of using panel data to make statistical and economic inferences? Give some examples of unobserved state specific variables (i) that are correlated with both BeerT ax and F atalityRate. Can you think of examples of time-specific variables (t) that might be correlated with BeerT ax and F atalityRate

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