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What Result Is Proved by the Gauss-Markov Theorem

Question 25

Multiple Choice

What result is proved by the Gauss-Markov theorem?


A) That OLS gives unbiased coefficient estimates
B) That OLS gives minimum variance coefficient estimates
C) That OLS gives minimum variance coefficient estimates only among the class of linear unbiased estimators
D) That OLS ensures that the errors are distributed normally

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