question archive Suppose you are trying to estimate a model explaining decision to have children among Millennials (Kids=1 for those having 1 or more children and Kids=0 for those who do not have any kids) as a function of demographic and other characteristics
Suppose you are trying to estimate a model explaining decision to have children among Millennials (Kids=1 for those having 1 or more children and Kids=0 for those who do not have any kids) as a function of demographic and other characteristics
Subject:EconomicsPrice:2.86 Bought3
Suppose you are trying to estimate a model explaining decision to have children among Millennials (Kids=1 for those having 1 or more children and Kids=0 for those who do not have any kids) as a function of demographic and other characteristics. Can you think of three omitted variables - variables that MUST be in the model but are not present in the model below?
Kids_i=B0+B1*Age_i+B2*Edu_i+ε_i
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