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