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Unformatted text preview: x t in this sample to di f er from one observation to the next. 4.) Describe the kinds of in f uences that are represented by the error term in the regres-sion. 5.) Based on your answers to questions 3 and 4, evaluate the seriousness of endogeneity as a potential problem for this study. Which way do you think the bias might go? 6.) Can you suggest any methods or instruments that might prove helpful in reducing or eliminating the magnitude of the bias in question 5? 7.) Be sure to include the complete reference (journal, date, volume, authors, title, page numbers) for the article you are discussing....
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This note was uploaded on 03/02/2012 for the course ECON 220b taught by Professor Hamilton,j during the Spring '08 term at UCSD.
- Spring '08