Business, 24.06.2021 21:40 dbn4everloved8

An economist wants to study the effect of income on savings. He collected data on 120 identical twins. Which of the following methods of estimation is the most suitable method, if income is correlated with the unobserved family effect, i. e.a) random effects estimationb) nonlinear least squared estimationc) least Squares Dummy Variable (LSDV) approachd) ordinary least squares estimation

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An economist wants to study the effect of income on savings. He collected data on 120 identical twin...

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