Assume that y is a function of three variables: X1, X2, and x3. If you run a regression of y on the first two variables x1 and x2 only, the coefficient on x1 will be unbiased as long as there is no correlation between x, and x3.
Assume that y is a function of three variables: X1, X2, and x3. If you run a regression of y on the first two variables x1 and x2 only, the coefficient on x1 will be unbiased as long as there is no correlation between x, and x3.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 24PFA
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