Suppose you estimated the model y = B1 + B2X2 + B3X3 + e and discover that all the pa - rameter estimates are statistically significant (at the a = 5% level), and that all the other diagnostics are consistent with MR1-MR5. However, you forgot to include the variable 24, and therefore, decide to estimate the model y = B1 + B2x2 + B3X3 + B4X4 + e but discover that all the variances of the estimates of the parameters have increased considerably. Which of the following statements best describes a plausible reason for this situation.
(a) The variable 24 is likely to be an irrelevant variable.
(b) The variable x4 is likely to be a relevant omitted variable.
(c) The original model (the one without x4) was most likely misspecified.
(d) The correlations between x4 and the other independent variables are expected to be very low.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose you estimated the model y = B1 + B2X2 + B3X3 + e and discover that all the pa - rameter estimates are statistically significant (at ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A=, find a vector b such that comp (sub a) b=2.
Answers (1)
What's the y of (-1, - 4) a=3
Answers (1)
The Kentucky derby distance is 19 furlongs. How far is the Kentucky derby? how many rods
Answers (1)
Which rate is greatest? A:$540 per 36 hours B:$432 per 24hours C: $720 per 60 hours D:$240 per 15hours
Answers (1)
In a box there are 6 red, 8 green, and 10 white balls. if three balls are selected simultaneously and at random and the color is noted find the probability that all are green given that all are the same color?
Answers (1)
New Questions in Mathematics
What is the constant term in the expansion of the binomial (x - 2) 4? - 16 16 - 32 32
Answers (1)
Eddy signed-up for a karate class that charges a monthly fee of $45. A one-time enrollment fee of $50 is charged at sign-up. Which expression represents the total fees that Eddy has paid to the karate school after m months, in dollars?
Answers (1)
There are x sparrows in a tree. There are 50 sparrows on the ground beneath the tree. Let y represent the total number of sparrows in the tree and on the ground. Express y in terms of x.
Answers (1)
What is the approximate volume of a cylinder with a diameter of 12 meters and a height of 7 meters? Use 3.14 for pi. A. 131.9 m3 B. 263.8 m3 C. 791.3 m3 D. 3165.12 m3
Answers (1)
When was the devil born?
Answers (1)