If a Regression Equation Contains an Irrelevant Variable, the Parameter

question 9

Multiple Choice

If a regression equation contains an irrelevant variable, the parameter estimates will be

• A) Consistent and unbiased but inefficient
• B) Consistent and asymptotically efficient but biased
• C) Inconsistent
• D) Consistent, unbiased and efficient.

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Definitions:

Explicit Attitudes

Attitudes and beliefs that are consciously recognized and expressed by individuals.

Cognitive System

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Experiential System

An information-processing system that is holistic, associative, and primarily driven by emotions and personal experiences.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, not always leading to the most accurate conclusion.