Multiple Choice
Kurt is trying to regress a model that studies market prices between similar products from different companies.During his study he realized that one of the independent variables,the competitor's price,was causing multicollinearity issues with the model.If Kurt removes the variable from the model,which of the following statistical phenomenon could affect Kurt's model?
A) specification bias
B) heteroscedasticity
C) sampling error
D) autocorrelation
Correct Answer:
Verified
Correct Answer:
Verified
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