Possible Solutions to Omitted Variable Bias, When the Omitted Variable

question 7

Multiple Choice

Possible solutions to omitted variable bias, when the omitted variable is not observed, include the following with the exception of

• A)panel data estimation.
• B)nonlinear least squares estimation.
• C)use of instrumental variables regressions.
• D)use of randomized controlled experiments.

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Definitions:

Psychologically Healthy

Pertaining to a state of mental and emotional well-being where an individual realizes their own abilities, can cope with normal stresses, work productively, and contribute to their community.

Treat Disease

The application of medical care or interventions aimed at alleviating symptoms, curing, or managing a disease or medical condition.

Healthy Individuals

Persons who exhibit both physical and mental well-being, characterized by the absence of disease, a state of balance, and the capacity for daily function.

Nurturing

Providing care and protection to promote the development and growth of someone or something.