General Studies · Econometrics
Under the classical linear regression model assumptions: I. OLS estimator is unbiased II. OLS estimator is consistent III. OLS estimator is BLUE even under heteroskedasticity IV. OLS minimizes the sum of squared residuals Which of the statements given above are correct?
- 1I, II and IV only✓
- 2I and III only
- 3II and III only
- 4I, II, III and IV
Correct answer
I, II and IV only
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