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Business, 05.03.2020 18:43 nehemiahj85

Omitted variable bias a. will always be present as long as the regression R2 < 1. b. is always there but is negligible in almost all economic examples. c. exists if the omitted variable is correlated with the included regressor but is not a determinant of the dependent variable. d. exists if the omitted variable is correlated with the included regressor and is a determinant of the dependent variable.

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Omitted variable bias a. will always be present as long as the regression R2 < 1. b. is always th...
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