Serial correlation: a symptom of omitted variable bias

This video provides an example of how 'model' serial correlation can actually be indicative of omitted variable bias, rather than 'true' population autocorrelation. Check out ben-lambert.co... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: ben-lambert.co... Accompanying this series, there will be a book: www.amazon.co....