Feedback for Omitting the relevant variable in OLS regression can produce biased results. Variable bias is present when few conditions are not met, which one of the following condition/s is/are not relav3ent for omitted variable bias.Omitted variable bias is1 Correlated with the movement of the independent variable in the regression model2 Correlated with the movement of the dependent variable in the regression model3 determinants of the dependent variable4 Determinants of an independent variable
Q 6 ANSWER seem incorrect . Option D 2 and 3
Location: Section Test 2 of Quants – Regression
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