ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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When we estimate B1 without controlling for X2, we derived in class that the B1 we are able to estimate is B₁ =B₁ + B₂61 What term measures the size of the bias in our estimate? OB2d1 OB2 d1 OB1 4
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