The Omitted-Variable Problem in Statistical Analysis Occurs When

question 2

Multiple Choice

The omitted-variable problem in statistical analysis occurs when

• A)excluded variables are correlated with explanatory variables that are included in the analysis.
• B)the demand for the product has not been stable over time.
• C)the price of the product has been relatively unstable over time.
• D)there is no uniform result because the accounted variables are not affected by changes in other variables.

---

Definitions:

Blank Space

A character representing an area without any visible mark, often used in text to separate words and sentences.

Built-In Data Type

Data types that are predefined and supported directly by a programming language without the need for the programmer to define them.

Nested Comments

Comments placed within other comments in a program's source code, often not allowed in many programming languages due to parsing complexities.

Literal

A fixed value in source code that represents a number, character, or string, typed directly into the code.