ECON 320 Lab Exercise : Week 7 — Reflecting on Omitted Variable Bias (OVB) 🎯¶

  • Name : [Your Name]

  • Lab Section: [Your Lab Section Here]

  • Code for week 7's attendance: [Attendance code here]

Please submit the exercise on Canvas in form of a HTML/PDF file.¶

📝 Reflection (2–3 sentences)¶

Revisit Lecture 7.
In 2–3 sentences, reflect on what you learned about omitted variable bias (OVB) and model specification:

  • What was your main takeaway or “aha” moment?
  • How would you explain the trade-off between including too many vs. too few variables to someone new to regression?

(There are no right or wrong answers — this is to help you to consolidate your understanding.)

Put your answer here:¶

End of Lab Exercise.