Exercise 5: Consider the following population model where educ denotes education and exper represen
Question: Exercise 5: Consider the following population model
where educ denotes education and exper represents experience. Suppose that the population model satisfies assumptions 1 through 4. Suppose that you omit exper2 and you estimate the model as:
What can you say about the OLS estimator of \({{\beta }_{2}}\) ? Explain.
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See Answer: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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