Multiple Choice
Which of the following are associated with larger omitted variable biases?
A) The dependent variable is measured with error.
B) The relationship between the included and excluded variables is weak.
C) The relationship between the included and excluded variables is strong.
D) The relationship between the excluded variable and the dependent variable is weak.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Adding more control variables will always increase
Q13: An omitted variable bias problem occurs when:<br>A)
Q14: Which of the following is not a
Q15: Adding more independent variables into the model
Q16: Including irrelevant independent variables into the model:<br>A)
Q17: Explain and contrast the consequences of having
Q18: If we add more independent variables into
Q19: If the measurement error is in the
Q20: Explain what multicollinearity is, and describe two
Q22: We necessarily do not have an omitted