SPECIFICATION BIAS


Meaning of SPECIFICATION BIAS in English

also as specification error ; omitting important variables from the model, or choosing the wrong functional form, so that the regression model will give the wrong prediction.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.