Econometrics. Lecture 6. Linear Regression with Multiple Regressors

In this lecture we introduce the multiple regression model as a method to solve the omitted variable bias problem 00:00 Omitted variable bias 11:25 The bias decomposition 21:45 The direction of bias 30:57 Example of omitted variables 40:35 Multiple regression model 55:30 OLS estimation in multiple regression model 1:07:40 Control variables 1:15:44 Conclusion The course “Econometrics“ for the 2nd year bachelors in Economics Taught at BRICS institute, Irkutsk National Research Technical University, Spring semester 2022