The Endogeneity Problem That Results from When a Variable Correlated

question 39

Multiple Choice

The endogeneity problem that results from when a variable correlated with the treatment is not included as a control variable is known as the:

• A) instrumental variable.
• B) omitted variable bias.
• C) weak instruments problem.
• D) least efficient estimator.

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Definitions:

Forecasting

The process of making predictions about future events or trends based on past and present data analysis.

HR Forecasting

The process of estimating the future human resource needs of an organization, based on its business goals, projected retirements, turnovers, and market changes.

External Environment

The external environment consists of all the outside factors or influences that affect an organization's decision-making process, performance, and strategy formulation, including political, economic, social, and technological factors.

Delphi Technique

A method used to gather information and reach a consensus among a panel of experts through a series of questionnaires and feedback rounds.