Multiple Choice
Which of the following statements is true under the Gauss-Markov assumptions?
A) Among a certain class of estimators, OLS estimators are best linear unbiased, but are asymptotically inefficient.
B) Among a certain class of estimators, OLS estimators are biased but asymptotically efficient.
C) Among a certain class of estimators, OLS estimators are best linear unbiased and asymptotically efficient.
D) The LM test is independent of the Gauss-Markov assumptions.
Correct Answer:
Verified
Correct Answer:
Verified
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