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
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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffbdd5574-9d6a-4d02-9746-931ab8649747%2Fea9b28d2-5ae7-41b3-bd11-a19b41ad3713%2F1vbjvc_processed.png&w=3840&q=75)
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
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Managerial Economics: Applications, Strategies an…](https://www.bartleby.com/isbn_cover_images/9781305506381/9781305506381_smallCoverImage.gif)
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
![Managerial Economics: Applications, Strategies an…](https://www.bartleby.com/isbn_cover_images/9781305506381/9781305506381_smallCoverImage.gif)
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning