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

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Year of publication:	2011
Authors:	Ritter, Nolan ; Vance, Colin
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Regressionsanalyse \| Regression analysis \| Modellierung \| Scientific modelling \| Maßzahl \| Statistical measures

Extent:	1 Online-Ressource (-1 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1, 2011 erstellt
Other identifiers:	10.2139/ssrn.1927267 [DOI]
Classification:	C12 - Hypothesis Testing ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; c18
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014177659