Economics · Econometrics - OLS Estimation Problems
Applying Ordinary Least Squares (OLS) directly to a system of simultaneous equations results in parameter estimates that are:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Biased but consistent
- 2Unbiased but inefficient
- 3Biased and inconsistent✓
- 4Unbiased and efficient
Correct answer
Biased and inconsistent
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