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MULTICOLLINEARITY AND MEASUREMENT ERROR IN ECONOMETRIC FINANCIAL MODELLING

✍ Scribed by CHRISTOPHER J. GREEN; ERIC KIERNAN


Book ID
111042334
Publisher
John Wiley and Sons
Year
1989
Tongue
English
Weight
486 KB
Volume
57
Category
Article
ISSN
1463-6786

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CAUSALITY, MEASUREMENT ERROR AND MULTICO
✍ JAMES V. ZIDEK; HUBERT WONG; NHU D. LE; RICK BURNETT πŸ“‚ Article πŸ“… 1996 πŸ› John Wiley and Sons 🌐 English βš– 717 KB

This paper demonstrates that measurement error can conspire with multicollinearity among explanatory variables to mislead an investigator. A causal variable measured with error may be overlooked and its significance transferred to a surrogate. The latter's significance can then be entirely spurious,