Specification (regression): Omitted-Variable Bias, Simultaneous Equation -
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High Quality Content by WIKIPEDIA articles! In regression analysis and related fields such as econometrics, specification is the process of converting a theory into a regression model. This process consists of selecting an appropriate functional form for the model and choosing which variables to include. Model specification is one of the first steps in regression analysis. If an estimated model is misspecif ... Pilns apraksts
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