What kinds of factors are contained in u

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Question 1: Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is; kids= 0+ 1educ+ u, Where u is the unobserved error. What kinds of factors are contained in u? Are these likely to be correlated with level of education?

Reference no: EM132554651

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