Write notes on omitted variable bias.   define what the issue is explain whether, or under what circumstances,...

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Advance Math

  1. Write notes on omitted variable bias.  
    1. define what the issue is
    2. explain whether, or under what circumstances, it causes aproblem for inference in OLS regression
    1. explain how it can be detected (if itcan)   
    2. state what action, if any, you should take to deal with theissue.

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