Tags » OLS

Omitted Variable Bias: Explaining the Bias

In the previous two posts on the Omitted Variable Bias (Post 1 and Post 2), we discussed the hypothetical case of finding out what determines the price of a car. 382 more words

Econometrics

One Line Sunday- Two lines

We still got five copies of “Johnny Mnemonic.
“If that’s not your cup of tea, we’ve also got “the making of Johnny Mnemonic.
– Harry Salomon, 3rd rock from the sun

Writing Challenges

Omitted Variable Bias: Understanding the Bias

The second part of the series on the Omitted Variable Bias intends to increase the readers understanding of the bias. Let’s continue with the example from the… 268 more words

Econometrics

Omitted Variable Bias: Introduction

The omitted variable bias is a common and serious problem in regression analysis. Generally, the problem arises if one does not consider all relevant variables in a regression. 407 more words

Econometrics

One Line Sunday- Creature mistake

Everyone makes mistakes sometimes because we’re human and not creatures from outer space so don’t be so quick in your judgement.

Writing Challenges

One Line Sunday- Presidential elections

I don’t have the slightest inkling how the presidential elections in Finland will go today but I hope there won’t be a second round.

Writing Challenges

One Line Sunday- Some fame

This is not a strategy to get more followers, but last night I got a tweet published on a Finnish TV program I watch and it wasn’t the first time either.

Writing Challenges