Including an irrelevant variable in a regression model causes A. the se(bk) to decrease. B. the...
Including an irrelevant variable in a regression model causes
A. the se(bk) to decrease.
B. the OLS coefficient estimates to be more efficient.
C. the OLS coefficient estimates to be more inefficient.
D. the coefficient estimates to be biased.
Homework Answers
When an irrelevant variable in a regression model is added the variance of the estimates increase
Hence,
C. the OLS coefficient estimates to be more inefficient.
Add Answer to:
Including an irrelevant variable in a regression model
causes
A. the se(bk) to decrease.
B. the...
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