Dear all,
I am sorry to ask such a basic question, but I always have a doubt when interpreting the results of the ovtest:
I the output of the ovtest says:
"Raymsey test using the powers of the fitted value of the dependent
Ho: model has no omiited variable
F (3, 168) =3.43
Prob > F = 0.0169"
What should I conclude? Does the model suffers from ommitted variables or not?
Thanks,
Laura
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