Phrases with «omitted variables»

The term "omitted variables" refers to important factors or variables that are not included in an analysis or study. These left-out variables can impact the results and conclusions since they may interact or have an influence on the variables that are being considered. Therefore, not accounting for these omitted variables can lead to biased or incomplete conclusions. Full definition

Sentences with «omitted variables»

  • I suspect another big problem with the model is omitted variable bias. (realclimate.org)
  • The mental health status of adults in a household is an example of one potentially important omitted variable. (educationnext.org)
  • This is a crucial step for most education analysis, because omitted variables correlated with independent variables can cause substantial bias in our estimates. (commons.trincoll.edu)
  • (see all sentences)
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