The omission of one or more key variables from a regression model will produce a(n) _____ error.
A) Identification
B) Specification
C) Production
D) Timing
E) Smoothing

Question

Quizplus · Accepted Answer

The omission of one or more key variables from a regression model leads to a specification error. This occurs because the model incorrectly specifies the relationship between the variables, potentially leading to biased and inconsistent estimates.

The Omission of One or More Key Variables from a Regression