The phantom menace of omitted variables : a comment

Colin Vance; Nolan Ritter

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.

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Year of publication:	2012
Authors:	Vance, Colin ; Ritter, Nolan
Publisher:	[London] : SAGE
Subject:	control variables \| model specification \| variance \| Modellierung \| Scientific modelling \| Regressionsanalyse \| Regression analysis \| Maßzahl \| Statistical measures \| Schätztheorie \| Estimation theory

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Extent:	Online-Ressource (S. 233 - 238) graph. Darst.
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen Systemvoraussetzungen: PDF Reader
Other identifiers:	10.1177/0738894211433169 [DOI] hdl:10419/122943 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011401080