Linear Modelingmedium
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Suppose the true relationship between two variables is . However, the researcher cannot measure directly and instead measures , where is a random measurement error that is independent of and . If the researcher fits a simple linear regression of on , what is the effect of this measurement error on the estimated slope?
Suppose the true relationship between two variables is . However, the researcher cannot measure directly and instead measures , where is a random measurement error that is independent of and . If the researcher fits a simple linear regression of on , what is the effect of this measurement error on the estimated slope?