Which of the following statements are true? a. The standard error of a regression, 6, is not an unbiased estimator for σ, the standard deviation of the error, u, in a multiple regression model. b. In time-series regressions, OLS estimators are always unbiased. c. Almost all economists agree that unbiasedness is a minimal requirement for an estimator in regression analysis. d. All estimators in a regression model that are consistent are also unbiased. ○ a. a O b. b О с. O d. d

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4: Estimating Demand
Section: Chapter Questions
Problem 1E
icon
Related questions
Question
Which of the following statements are true?
a. The standard error of a regression, 6, is not an unbiased estimator for σ,
the standard deviation of the error, u, in a multiple regression model.
b. In time-series regressions, OLS estimators are always unbiased.
c. Almost all economists agree that unbiasedness is a minimal requirement for an
estimator in regression analysis.
d. All estimators in a regression model that are consistent are also unbiased.
○ a. a
O b. b
О с.
O d. d
Transcribed Image Text:Which of the following statements are true? a. The standard error of a regression, 6, is not an unbiased estimator for σ, the standard deviation of the error, u, in a multiple regression model. b. In time-series regressions, OLS estimators are always unbiased. c. Almost all economists agree that unbiasedness is a minimal requirement for an estimator in regression analysis. d. All estimators in a regression model that are consistent are also unbiased. ○ a. a O b. b О с. O d. d
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning