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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 14
Explain why it is difficult to estimate precisely the partial effect of X 1 holding X 2 constant, if X 1 and X 2 are highly correlated.
Explanation
Verified
Verified
If
and
are highly correlated then ...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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