The Following OLS Assumption Is Most Likely Violated by Omitted $E \left( u _ { i } \mid X _ { i } \right) = 0$

question 28

Short Answer

The following OLS assumption is most likely violated by omitted variables bias: a. $E \left( u _ { i } \mid X _ { i } \right) = 0$ .
b. $\left( X _ { i } , Y _ { i } \right) , i = 1 , \ldots , n$ are i.i.d draws from their joint distribution.
c. there are no outliers for $X _ { i } , u _ { i }$ .
d. there is heteroskedasticity.

---

Definitions:

Manage

To oversee or control the operation, use, or conduct of something or someone, typically in a professional environment.

Hybrid Boards

Governance structures that combine elements of both nonprofit and for-profit boards of directors, typically found in social enterprises.

Elected Members

Individuals chosen through a voting process to hold a particular office or position, typically within governmental or organizational frameworks.

Appointed Members

Individuals chosen or designated to serve on boards, committees, or other bodies based on specific criteria or qualifications rather than elected by a general vote.