Describe When It Is Appropriate to Use Random Effects Models

Q4: OLS coefficients are biased when there is

Q5: What factor is associated with lower bias

Q6: Random effects models are appropriate only when

Q7: Suppose that we are comparing results in

Q8: Autocorrelation causes bias in a model with

Q10: Explain why a model with a lagged

Q11: Describe the potential trade-off between bias and

Q12: Under what conditions is the bias caused

Q13: Random effects models are biased if the

Q14: What usually happens to autocorrelation when we