Explain briefly what is meant by each of the following terms in the context of the linear =l and the estimator BOLS

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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4. Explain briefly what is meant by each of the following terms in the context of the linear
model and the estimator BOLS
Y; = X;ß+€;
(a) unbiased
(b) convergence in mean square
(c) heteroskedasticity
(d) endogeneity
LO
Transcribed Image Text:4. Explain briefly what is meant by each of the following terms in the context of the linear model and the estimator BOLS Y; = X;ß+€; (a) unbiased (b) convergence in mean square (c) heteroskedasticity (d) endogeneity LO
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