When Your Multiple Regression Function Includes a Single Omitted Variable

question 16

Multiple Choice

When your multiple regression function includes a single omitted variable regressor, then

• A)use a two-sided alternative hypothesis to check the influence of all included variables.
• B)the estimator for your included regressors will be biased if at least one of the included variables is correlated with the omitted variable.
• C)the estimator for your included regressors will always be biased.
• D)lower the critical value to 1.645 from 1.96 in a two-sided alternative hypothesis to test the significance of the coefficients of the included variables.

Analyze the financial benefits of taking advantage of cash discounts by borrowing short-term funds.

Compute the savings or costs involved in taking such short-term loans to pay invoices on time.

Practice real-life financial decision-making skills related to loans and interest rates.

Demonstrate the ability to perform detailed financial calculations accurately.

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