Question 1 what is the difference between the concepts of, Ask an Expert

Economics

Question: 1. What is the difference between the concepts of correlation and of causation?

2. What is the difference between a theory and a hypothesis?

3. What is a variable?

4. Explain the omitted variable problem, using an example.

5. What is the difference between endogeneity and spurious correlation?

6. Explain how independent and dependent variables are related to one another, making reference to causal arguments.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93117371

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