Ramsey RESET test explained: Diagnosing misspecification (Exel)
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Ramsey RESET test explained: Diagnosing misspecification (Exel)
How can one diagnose omitted variable bias or functional misspecification in a regression model? How to find something you might not be even aware of? The power and astounding mathematical logic of Ramsey RESET test comes to the rescue! Today we are learning the concepts behind the RESET test and implementing it in Excel. Don't forget to ...
2.8K viewsJul 10, 2022
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