NO.PZ2015120204000018
问题如下:
If an omitted variable is correlated with variables already included in the model, coefficient estimates will be biased and inconsistent and standard errors will also be inconsistent. Is this Statement correct?
选项:
A.Yes.
B.No, because the model’s coefficient estimates will be unbiased.
C.No, because the model’s coefficient estimates will be consistent.
解释:
A is correct.
Chang is correct because a correlated omitted variable will result in biased and inconsistent parameter estimates and inconsistent standard errors.
是不是模型只要是misspecification,就一定会同时引起bias和inconsistency?