Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. suppose that you want to estimate the effect of ye

Suppose that you want to estimate the effect of years of education on log wages...

60.1K

Verified Solution

Question

Algebra

image

Suppose that you want to estimate the effect of years of education on log wages using those variables and some other explanatory variables You consider estimating by OLS a Explain the conditions needed for obtaining a consistent estimator by OLS bj Give a proof that OLS is consistent for the case of one explanatory variable Explain the role of assumption MLR 4 c Explain what happends to the consistency result if you exclude a relevant explanatory variable

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

The equation of a parabola is y = x - 6x + 14. Write the...

Basic Math
1.2K views

A publisher reports that 43 of their read percentage is actually over the reported pe...

Basic Math
1.2K views

Combine like terms to simplify the expression below.-6y + 7y = 1y32 + y -...

Algebra
1.2K views

Find the complete integral and singular integral of non linear PDE 2 1 Dul 1...

Algebra
1.2K views

Consider the following function on the given domain H x x 4 5 x 4...

Algebra
1.2K views

Click on the graph of the function on its restricted domain f x x 1...

Algebra
1.2K views

Draw the graph of an exponential function E t such that lim E t co...

Algebra
1.2K views

y x Graph the hyperbola 25 49 1 Give the domain range center vertices foci...

Accounting
1.2K views

The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is...

Accounting
1.2K views

'The audit expectations gap is a matter of considerable concern to all parties with an...

Accounting
1.2K views

All of the following property is used in a trade or business and has been...

Accounting
1.2K views

Juniper Corp. makes three models of insulated thermos. Juniper has $400,000 in total revenue and...