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Explain why a fixed effects model is not necessary in a case where fixed effects exist but the fixed effects are not correlated with the independent variable.
World Population
World population refers to the total number of human inhabitants on Earth at a given time, often estimated and reported by demographic researchers and institutions.
2100
The year 2100 is often projected in scientific and policy discussions as a benchmark year for assessing future trends, such as climate change effects, demographics, and technological advancements.
Technological Advances
Refers to the progress and innovation in technology, improving efficiency, and often leading to new products or ways of doing things.
Population Growth
The increase in the number of individuals in a population, often measured by birth rates, mortality rates, and migration patterns.
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