ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What is the proof of the Gauss-Markov theorem for OLS?
Select one:
a) The proof is based on showing that the OLS estimator is unbiased and has the minimum
variance among all linear unbiased estimators
b) The proof is based on showing that the OLS estimator is consistent and has the
minimum mean squared error among all linear consistent estimators
c) The proof is based on showing that the OLS estimator is efficient and has the maximum
likelihood among all linear efficient estimators
d) All of the answers are correct
O a. a
O b. b
О с.
C
O d. d
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Transcribed Image Text:What is the proof of the Gauss-Markov theorem for OLS? Select one: a) The proof is based on showing that the OLS estimator is unbiased and has the minimum variance among all linear unbiased estimators b) The proof is based on showing that the OLS estimator is consistent and has the minimum mean squared error among all linear consistent estimators c) The proof is based on showing that the OLS estimator is efficient and has the maximum likelihood among all linear efficient estimators d) All of the answers are correct O a. a O b. b О с. C O d. d
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