Multiple Choice
In a two regressor regression model, if you exclude one of the relevant variables then
A) it is no longer reasonable to assume that the errors are homoskedastic.
B) OLS is no longer unbiased, but still consistent.
C) you are no longer controlling for the influence of the other variable.
D) the OLS estimator no longer exists.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: When there are omitted variables in the
Q2: Omitted variable bias<br>A)will always be present as
Q3: (Requires Statistics background beyond Chapters 2
Q4: The OLS residuals in the multiple regression
Q6: (Requires Calculus)For the simple linear regression
Q7: The cost of attending your college
Q8: Consider the multiple regression model with
Q9: (Requires some Calculus)Consider the sample regression
Q10: Imperfect multicollinearity<br>A)is not relevant to the field
Q11: (Requires Calculus)For the case of the multiple