Multiple Choice
Which of the following is true?
A) In ordinary least squares estimation, each observation is given a different weight.
B) In weighted least squares estimation, each observation is given an identical weight.
C) In weighted least squares estimation, less weight is given to observations with a higher error variance.
D) In ordinary least squares estimation, less weight is given to observations with a lower error variance.
Correct Answer:
Verified
Correct Answer:
Verified
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