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Author Question: An estimate is A) efficient if it has the smallest variance possible. B) a nonrandom number. C) ... (Read 151 times)

javeds

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on: Jun 29, 2018
An estimate is
 
  A) efficient if it has the smallest variance possible.
  B) a nonrandom number.
  C) unbiased if its expected value equals the population value.
  D) another word for estimator.

Question 2

Under imperfect multicollinearity
 
  A) the OLS estimator cannot be computed.
  B) two or more of the regressors are highly correlated.
  C) the OLS estimator is biased even in samples of n > 100.
  D) the error terms are highly, but not perfectly, correlated.


ynlevi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


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