Question
What is the term used when explanatory variable
is correlated with the error term?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”)
Strengthening Teaching-Learning and Results for States (STARS) Project was approved by the Cabinet in October 2020, to be implemented as a centrally spo...
Which of the following is the most widely used method for refining impure metals?
Which of the following airports of India had won 'Covid champion' award at Wings India 2022?
The AYUSH Ministry has launched ‘HCCR' Portal recently. With which this portal is associated?
Which of the following Articles of the Constitution of India states that the Parliament has exclusive powers to make laws with respect to any of the mat...
In which year was the Konkan Railway constructed?
Which of the following is an autobiography of the international tennis player Andre Agassi?
Rukmini Devi is regarded as one of the most distinguished artists of ___________.
What is the reaction called in which only one product is produced due to the reaction of two or more reactants?
What is the maximum amount of bank loan permissible under the Kishor scheme of the Pradhan Mantri Mudra Yojana?
