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You are trying to regress a model that studies market prices between similar products from different companies. During your study you realize that one of

You are trying to regress a model that studies market prices between similar products from different companies. During your study you realize that one of your independent variables, the competitors price is causing multicollinearity issues with the model. If you remove the variable from the model, which of the following statistical phenomenon could affect your model

1. sampling error

2. autocorrelation

3. Heteroscedasticity

4. Specification bias

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