Answered: "Time fixed effects control for…

"Time fixed effects control for unobserved variables that are the same acrossentities but vary over time". Is this statement true?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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"Time fixed effects control for unobserved variables that are the same across
entities but vary over time". Is this statement true?

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