Monthly Archives: April 2018

Omitted Variable Bias: Violation of CLRM–Assumption 3: Explanatory Variables must be exogenous

One reason why the omitted variable leads to biased estimates is that omitting a relevant variable violates assumption 3 of the necessary assumptions of the classical regression model that states that all explanatory variables must be exogenous, i.e. From this … Continue reading

Posted in Econometrics, Statistic | Tagged , , , , | 2 Comments

Linear Regression in Julia

Julia presents various ways to carry out linear regressions. In this post I will present how to use the native function linreg() to run OLS on the following model

Posted in Econometrics, Computing and Others | Tagged , , , | 1 Comment