Qualitative Inconsistency in the Two Regressor Case,
Abstract
One often has reason to suspect non-zero correlation between regressors and error term when using OLS regression in an economic context. However, positive statements may sometimes still be made if one knows the direction of inconsistency in the OLS coefficient estimators. The inconsistency in the least squares estimator of the coefficient of a variable when it alone is correlated with the error term is well known. The purpose of the paper is to further investigate qualitative inconsistency in a two regressor model. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 1971
- Accession Number
- AD0737678
Entities
People
- Bob Ayanian
Organizations
- RAND Corporation