General Studies · Econometrics
The Gauss-Markov theorem states that under classical linear regression assumptions, the Ordinary Least Squares (OLS) estimator is:
- 1The minimum variance unbiased estimator among all possible estimators
- 2The Best Linear Unbiased Estimator (BLUE)✓
- 3Efficient among all non-linear estimators
- 4Unbiased and consistent under all conditions
Correct answer
The Best Linear Unbiased Estimator (BLUE)
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