What is specification bias? What problems does specification bias lead to? How can we avoid specification bias?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:03 AM

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What is specification bias? What problems does specification bias lead to? How can we avoid specification bias?

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Specification bias occurs when the model used to estimate a relationship between variables is misspe...View the full answer

Statistics For Business And Financial Economics

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