(1) Multivariate model: ŷ = ß0 + Â1x1 + ß2x₂ (2) Univariate model: y = 50 + 51x1 IC

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(1) Multivariate model: y = 0 + 1x1 + B₂x2
(2) Univariate model: y = 50 + 51x1
(3) B1 =B1 + B₂71, where 2 = 0 + 1x1
In line (3), the term ₂1 is known as.
(select all correct answers)
Angrist bias
confounding
omitted variable bias
residual variation
heteroskedasticity
Transcribed Image Text:(1) Multivariate model: y = 0 + 1x1 + B₂x2 (2) Univariate model: y = 50 + 51x1 (3) B1 =B1 + B₂71, where 2 = 0 + 1x1 In line (3), the term ₂1 is known as. (select all correct answers) Angrist bias confounding omitted variable bias residual variation heteroskedasticity
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