Write notes on omitted variable bias. Your answer should define what the issue is explain whether,...

Write notes on omitted variable bias.

Your answer should

define what the issue is
explain whether, or under what circumstances, it causes

a problem for inference in OLS regression

explain how it can be detected (if it can)
state what action, if any, you should take to deal with the issue.

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Expert Solution

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orchestra answered 1 year ago

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