In the presence of autocorrelation, which of the following statements is correct? Select one: O a. The use of HAC standard errors enables us to conduct hypothesis tests which are valid in large samples. O b. The use of HAC standard errors ensures the OLS estimator is unbiased. O c. The use of HAC standard errors ensures the OLS estimator is efficient. O d. The use of HAC standard errors ensures that the OLS estimator is both efficient and unbiased.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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In the presence of autocorrelation, which of the following statements is correct?
Select one:
a. The use of HAC standard errors enables us to conduct hypothesis tests which are valid in large samples.
O b. The use of HAC standard errors ensures the OLS estimator is unbiased.
The use of HAC standard errors ensures the OLS estimator is efficient.
d. The use of HAC standard errors ensures that the OLS estimator is both efficient and unbiased.
C.
Transcribed Image Text:In the presence of autocorrelation, which of the following statements is correct? Select one: a. The use of HAC standard errors enables us to conduct hypothesis tests which are valid in large samples. O b. The use of HAC standard errors ensures the OLS estimator is unbiased. The use of HAC standard errors ensures the OLS estimator is efficient. d. The use of HAC standard errors ensures that the OLS estimator is both efficient and unbiased. C.
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