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Allen, Ralph C.; Stone, Jack H. – Journal of Economic Education, 2005
The authors argue that the textbook treatments of the constant term in regression analysis vary extensively and are often neglectful, incomplete, or even incorrect. Given the potential importance of the constant coefficient in theoretical and applied work, they develop the factors biasing the estimation of the constant term to support the argument…
Descriptors: Economics, Textbooks, Textbook Content, Textbook Bias