Question 1 Suppose that you are interested in estimating the ceteris paribus relationship between wage and educ. For thi

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Question 1 Suppose that you are interested in estimating the ceteris paribus relationship between wage and educ. For thi

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Question 1 Suppose That You Are Interested In Estimating The Ceteris Paribus Relationship Between Wage And Educ For Thi 1
Question 1 Suppose That You Are Interested In Estimating The Ceteris Paribus Relationship Between Wage And Educ For Thi 1 (167.01 KiB) Viewed 15 times
Question 1 Suppose that you are interested in estimating the ceteris paribus relationship between wage and educ. For this purpose, you can collect data on a control variable, exper. Let a₁ be the simple regression estimate from wage on educ and let b₁ be the multiple regression estimate from wage on educ and exper. (That is, both a₁ and b₁ are estimated coefficients of educ.) Answer the following questions. (ii) If educ is slightly positively correlated with exper in the sample, and exper has positive and small partial effects on wage, which relationship between a₁ and b₁ is most appropriate?
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