serial correlation as a symptom of omitted variable bias

this video provides some insight as to how observed serial correlation in residuals can be symptomatic of the more serious issue of omitted variable bias. check out https://ben-lambert.com/econometrics-course-problem-sets-and-data/ 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: https://ben-lambert.com/bayesian/ accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1473916364/ref=pe_3140701_247401851_em_1p_0_ti

serial correlation as a symptom of omitted variable bias