Multiple Choice
An economist wants to study the effect of income on savings. He collected data on 120 identical twins. Which of the following methods of estimation is the most suitable method, if income is correlated with the unobserved family effect?
A) Random effects estimation
B) Fixed effects estimation
C) Ordinary least squares estimation
D) Weighted Least squares estimation
Correct Answer:
Verified
Correct Answer:
Verified
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