SOLVED: What are the consequences of omitting relevant variables from a model? What are the consequences of including irrelevant variables in a model?
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SOLVED: If you had to either include an irrelevant variable or omit a relevant variable, you would prefer including an irrelevant variable over omitting relevant variable because omitting a relevant variable leads
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VARIABLE MISSPECIFICATION I: OMISSION OF A RELEVANT VARIABLE In this sequence and the next we will investigate the consequences of misspecifying the regression. - ppt download
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Definition of the relevant variables, 2003 | Download Scientific Diagram
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