Provide an in-depth discussion of the question stated below. Agood discussion uses words and some mathematical notationto link topics in econometrics to construct a holistic argument.The upper word limit is strictly 600 words. Please provide aword count."Describe, using words and mathematical notation, why theOrdinary Least Squares method might not be the best methodfor analysing cross section data in economics?"

Cross Section data is a type of data collected by observing many factors like individuals, firms or…

Answered: "Describe, using words and mathematical…

"Describe, using words and mathematical notation, why the Ordinary Least Squares method might not be the best method for analysing cross section data in economics?"

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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