Arbeitspapier
The Phantom Menace of Omitted Variables – A Comment
This note demonstrates that in applied regression analysis, the variance of a coefficient of interest may decrease from the inclusion of a control variable, contrasting with Clarke's assertion (2005, 2009) that the variance can only increase or stay the same. Practitioners may thus be well-advised to include a relevant control variable on this basis alone, particularly when it is weakly correlated with the variable of interest.
- ISBN
-
978-3-86788-327-6
- Language
-
Englisch
- Bibliographic citation
-
Series: Ruhr Economic Papers ; No. 282
- Classification
-
Wirtschaft
Hypothesis Testing: General
Statistical Simulation Methods: General
Methodological Issues: General
- Subject
-
Control variables
variance
model specification
Control variables
variance
model specification
- Event
-
Geistige Schöpfung
- (who)
-
Ritter, Nolan
Vance, Colin
- Event
-
Veröffentlichung
- (who)
-
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (where)
-
Essen
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ritter, Nolan
- Vance, Colin
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Time of origin
- 2011
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