If a Structured Model Contains a Time Trend-Which May Capture

question 17

True/False

If a structured model contains a time trend-which may capture exogenous, trending factors that are not directly modeled-then the trend acts as its own instrumental variable.

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Definitions:

Start-up

A young company founded to develop a unique product or service, bring it to market, and make it viable and sustainable.

Consolidation

Consolidation is the process of combining multiple financial statements from different subsidiaries or related companies into a single financial statement of the parent company.

Return

The financial outcome of an investment over an agreed-upon time, stated as a portion of the investment's cost price.

Telecom Services

Services provided by companies that enable communication over distances via telephone, internet, cable, and broadcasting.