Business, 12.07.2019 00:00 JasonGorton22

What is the "omitted variable" problem in determining cause and effect? it is a problem that arises when an insignificant variable is given too much weight in an economic analysis leading to skewed conclusions about cause and effect. it is a problem that arises when a significant variable is not given enough weight in an economic experiment leading to skewed conclusions about cause and effect. it is a problem that arises when an insignificant economic variable that should have been omitted is included in an economic experiment leading to false conclusions about cause and effect. it is a problem that arises when an economic variable that affects other variables is omitted from an analysis and its omission leads to false conclusions about cause and effect?

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What is the "omitted variable" problem in determining cause and effect? it is a problem that arises...

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