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Subject:
Regression, endogeniety, omittied variables
Category: Science > Social Sciences Asked by: tristan47-ga List Price: $5.00 |
Posted:
13 Aug 2003 15:21 PDT
Expires: 12 Sep 2003 15:21 PDT Question ID: 244434 |
Could somebody please explain the difference between omitted variable bias and endogeniety bias? With these biases in mind, please critique the regression starting on page 11 going to page 12. (section 3 to 3.1) of http://www.opelcreative.com/slaverypaper.pdf Namely, given that variation in slavery could be because of low income (ie poor people wanted slaves badly), how does white level control for this. |
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There is no answer at this time. |
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Subject:
Re: Regression, endogeniety, omittied variables
From: econansweres-ga on 06 Sep 2004 22:55 PDT |
I assume that omitted variable bias is where you omit statistically significant varibale in your regression, whereas endogeniety bias is when your dependent varibale and independent varibale move in the same direction causing multicollinearity problem. |
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