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    Practical Econometrics
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    Exam 8: Model Selection in Multiple Linear Regression Analysis
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    What Is an Outlier? Why Are They a Potential Problem
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What Is an Outlier? Why Are They a Potential Problem

Question 14

Question 14

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What is an outlier? Why are they a potential problem? What can you do to deal with outliers? Why does this approach work? Explain.

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Outliers are observations that differ si...

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