Assertion: explanatory variable | /r/HasProperty | correlated with the error term
Facets:
value: in a regression model
type: OTHER
Source sentences:
text: Intuitively, IVs are used when an explanatory variable of interest is correlated with the error term, in which case ordinary least squares and ANOVA give biased results.
text: Instrumental variable methods allow for consistent estimation when the explanatory variables (covariates) are correlated with the error terms in a regression model.