Is NOT a source of deviation in parameter model estimation
Omission of variable(s)
Random behaviour of human beings
Imperfect specification of the mathematical form of the model
—>> Perfect specification of the mathematical form of the model
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Is NOT a source of deviation in parameter model estimation
Omission of variable(s)
Random behaviour of human beings
Imperfect specification of the mathematical form of the model
—>> Perfect specification of the mathematical form of the model