Multiple Choice
The OLS estimators for 1 and 2 are formulas derived by minimizing _____________.
A) the sum of the error terms or residuals
B) the sum of the squared residuals
C) the slope of the regression line
D) the fit of the regression line to the observed data.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: In an economic model that uses income
Q6: In the OLS model,what happens to var(b<sub>1</sub>)as
Q7: You have estimated the following equation using
Q8: What mathematical theorem allows for normally distributed
Q9: Applying the OLS model to our data
Q10: Which of the following is NOT
Q11: Which of the following non-linear adjustments CANNOT
Q12: Under the Gauss-Markov Theorem when assumptions
Q13: In an economic model that uses income
Q14: How do you interpret the estimated