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1.6 OLS estimators have numerical and statistical properties. The difference between these is that... a. statistical properties are concerned with all sample data, while numerical properties are concerned only with the regression line. b. numerical properties hold independent of how the data are generated while the statistical properties hold under certain assumptions about how the data are generated. c. statistical properties hold independent of how the data are generated while the numerical properties hold under certain assumptions about how the data are generated. d. numerical properties relate to point estimators while statistical properties relate to interval estimators. e. numerical properties hold when estimators are non-linear in Y and statistical properties hold when estimators are linear in Y. 1.7 In the reciprocal model, the Y asymptote is equal to... a. B₁ b. B₂ c. B1-B2 d. B2 -B1 e. it depends on the error terms.

1.6 OLS estimators have numerical and statistical properties. The difference between these is that... a. statistical properties are concerned with all sample data, while numerical properties are concerned only with the regression line. b. numerical properties hold independent of how the data are generated while the statistical properties hold under certain assumptions about how the data are generated. c. statistical properties hold independent of how the data are generated while the numerical properties hold under certain assumptions about how the data are generated. d. numerical properties relate to point estimators while statistical properties relate to interval estimators. e. numerical properties hold when estimators are non-linear in Y and statistical properties hold when estimators are linear in Y. 1.7 In the reciprocal model, the Y asymptote is equal to... a. B₁ b. B₂ c. B1-B2 d. B2 -B1 e. it depends on the error terms.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1.6 OLS estimators have numerical and statistical properties. The difference between these is that... a. statistical properties are concerned with all sample data, while numerical properties are concerned only with the regression line. b. numerical properties hold independent of how the data are generated while the statistical properties hold under certain assumptions about how the data are generated. c. statistical properties hold independent of how the data are generated while the numerical properties hold under certain assumptions about how the data are generated. d. numerical properties relate to point estimators while statistical properties relate to interval estimators. e. numerical properties hold when estimators are non-linear in Y and statistical properties hold when estimators are linear in Y. 1.7 In the reciprocal model, the Y asymptote is equal to... a. B₁ b. B₂ c. B1-B2 d. B2 -B1 e. it depends on the error terms.
Transcribed Image Text:1.6 OLS estimators have numerical and statistical properties. The difference between these is that... a. statistical properties are concerned with all sample data, while numerical properties are concerned only with the regression line. b. numerical properties hold independent of how the data are generated while the statistical properties hold under certain assumptions about how the data are generated. c. statistical properties hold independent of how the data are generated while the numerical properties hold under certain assumptions about how the data are generated. d. numerical properties relate to point estimators while statistical properties relate to interval estimators. e. numerical properties hold when estimators are non-linear in Y and statistical properties hold when estimators are linear in Y. 1.7 In the reciprocal model, the Y asymptote is equal to... a. B₁ b. B₂ c. B1-B2 d. B2 -B1 e. it depends on the error terms.
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