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Persistent link: https://www.econbiz.de/10003893879
We show how using censored regressors leads to expansion bias, or estimated effects that are proportionally too large. We show the necessity of this effect in bivariate regression and illustrate the bias using results for normal regressors. We study the bias when there is a censored regressor...
Persistent link: https://www.econbiz.de/10014029676