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Random Coefficients

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Abstract

Random coefficients models generalize conventional fixed coefficients models to avoid inconsistent and inaccurate assessments of relationships among variables.

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Bibliography

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Swamy, P.A.V.B., Barth, J.R. (2018). Random Coefficients. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1438

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