If the model y = ßo + ß1x1 + ß2x2 + v satisfies the first Gauss-Markov assumptions, then vhas:a. a zero mean and is correlated with only x1b.C.a zero mean and is correlated with x₁ and x2a zero mean and is correlated with only x2d. a zero mean and is uncorrelated with X1 and X2a. aO b. bО с. C○ d. d

( here x is realisation of X and X is(1 x1 x2) matrix)

Answered: If the model y = ßo + ß1x1 + ß2x2 + v…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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