Unbiasedness and Efficiency of OLS Estimators

question 1 of 34 course: Bachelor of Science in Health Services Management and Planning
question 1 of 34 course: Bachelor of Science in Health Services Management and Planning

Q: If you add an irrelevant variable (one with a true coefficient of zero) to a regression model, what happens to the unbiasedness of the OLS estimators for other variables?

Did You Know?

The Hawthorne effect showed that workers' performance improved when they felt observed and valued, highlighting the importance of human relations over just environmental factors.

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