swer the following in the space provid ne attributes of a "good" econometric model? at are the consequences of omitting a relevant variable(s) from a model? What are the consequences of including irrelevant variables in a model?
swer the following in the space provid ne attributes of a "good" econometric model? at are the consequences of omitting a relevant variable(s) from a model? What are the consequences of including irrelevant variables in a model?
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 5SQP
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![Answer the following in the space provided
Wat are the attributes of a "good" econometric model?
B) What are the consequences of omitting a relevant variable(s) from a model?
C) What are the consequences of including irrelevant variables in a model?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F574c1abd-5f3f-4125-af07-742464c67659%2F972f905d-5291-4d2b-8018-b5209d229b4e%2Fn3gdgucj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Answer the following in the space provided
Wat are the attributes of a "good" econometric model?
B) What are the consequences of omitting a relevant variable(s) from a model?
C) What are the consequences of including irrelevant variables in a model?
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