Multiple Choice
How does the least squares estimator perform on a simultaneous equation model with an endogenous regressor?
A) unbiased and consistent in large samples
B) biased and inconsistent in all sample sizes
C) biased but consistent in large samples
D) unbiased but inconsistent unless collected through random sampling
Correct Answer:
Verified
Correct Answer:
Verified
Q5: What does it mean for a structural
Q6: How does the least squares estimator perform
Q7: What are the implications for 2SLS estimators
Q8: Why is it best to use
Q9: When estimating the structural parameters of
Q10: If a structural model has M simultaneous
Q11: What does 2SLS abbreviate?<br>A)twice squared linear series<br>B)second
Q12: What is the 2<sup>nd</sup> stage of 2SLS?<br>A)estimate
Q14: In a system of M simultaneous equations,at
Q15: What estimation technique should be used to