Suppose that the 'true' regression model is Yi = β₀ +

Last updated: 8/8/2022

Suppose that the 'true' regression model is Yi = β₀ + β₁ln(X₁i) + ui but, instead, you estimate Yi = β₀ + β₁X₁i+ui What are the consequences of this type of specification error for the OLS estimator?