8- which one of the following statements is not true as OLS assumptions Please select one; a) the variance of the residual can be nonconstant b) the expected mean of the residual eguals should be zero c) the dependent variable should be a linear function of the independent variables d) values of the independent variables are fixed in repeated samples; most critical here is that the independent variables are not correlated with the residual
8- which one of the following statements is not true as OLS assumptions Please select one; a) the variance of the residual can be nonconstant b) the expected mean of the residual eguals should be zero c) the dependent variable should be a linear function of the independent variables d) values of the independent variables are fixed in repeated samples; most critical here is that the independent variables are not correlated with the residual
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![8- which one of the following statements is not true as OLS assumptions
Please select one;
a) the variance of the residual can be nonconstant
b) the expected mean of the residual equals should be zero
c) the dependent variable should be a linear function of the independent variables
d) values of the independent variables are fixed in repeated samples; most critical here is that the
independent variables are not correlated with the residual](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b27ce80-ba61-47e8-9f79-2ae872c2d6ba%2Fa2fde547-dfb7-4f21-9208-c714ce5346f5%2Fwuu32c_processed.png&w=3840&q=75)
Transcribed Image Text:8- which one of the following statements is not true as OLS assumptions
Please select one;
a) the variance of the residual can be nonconstant
b) the expected mean of the residual equals should be zero
c) the dependent variable should be a linear function of the independent variables
d) values of the independent variables are fixed in repeated samples; most critical here is that the
independent variables are not correlated with the residual
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