When can omitted variable bias occur? When important variables are omitted from

Question

When can omitted variable bias occur?

When important variables are omitted from the modelm, excluding their effects from the model

When the model does not include relevant independent varibles that are correlated with the independent variables in the model

When important variables that are correlated with the dependent variable are not included in the model

When the model does not include variables that are correlated with the included independent variables

When important variables are omitted from the modelm, excluding their effects from the model

When the model does not include relevant independent varibles that are correlated with the independent variables in the model

When important variables that are correlated with the dependent variable are not included in the model

When the model does not include variables that are correlated with the included independent variables

Explanation / Answer

Omitted Variance Bias occurs A) When important variables are omitted from the modelm, excluding their effects from the model

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