Question
Endogenity is associated with which of the following
?Solution
Endogeneity occurs when a predictor variable (x) in a regression model is correlated with the error term (e) in the model. This can occur under a variety of conditions, but two cases are especially common in inequality research: (1) when important variables are omitted from the model (called “omitted variable bias”) and (2) when the outcome variable is a predictor of x and not simply a response to x (called “simultaneity bias”)
An adjustable life insurance under which premiums and coverage are adjustable, company’s expenses are not specifically disclosed to the insured but a ...
In case of a motor accident, the first step to be taken by the insured is to:
The 'Insured's Declaration' form is typically filled by:
What is the difference between "reinsurance" and "co-insurance"?
Which of the following is NOT a factor that affects the premium of a motor insurance policy?
Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the pol...
The contractual term for the premium in an insurance contract is known as:
As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
An auto-mobile insurance option, available in some states, that covers the difference between a car’s actual cash value when it is stolen or wrecked a...
Event covered under insured’s policy agreement is called?
