Assume that the true regression model is wi=a+bSi +cAi+εi where w is the hourly wage rate of each individual in the sample; S is the respondent’s years of schooling and A is the respondent’s level of ability; a, b and c are parameters to be estimated and ε is an error term. If A is not available in the data and the model is estimated without A on the right-hand-side, what would be the likely effect on the estimate of b?
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments