What Are the Implications for 2SLS Estimators If Reduced Form

question 7

Multiple Choice

What are the implications for 2SLS estimators if reduced form parameter estimates are statistically insignificant?

• A)still consistent in large samples,but no longer BLUE
• B)there will be correlation in the structural equations,causing estimators to be inconsistent
• C)there are no consequences,only structural parameters matter
• D)small sample properties no longer hold,but asymptotic properties still apply

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Definitions:

Z-Score

An index that quantifies how far a particular value stands from the dataset's mean, measured in units of standard deviations away from the mean.

Z-Scores

A measure that represents the number of standard deviations a data point is from the mean of the dataset.

Z-Score

A statistical metric that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations.

Z-Score

A statistical measure that describes a score's relationship to the mean in a group of scores, typically used to understand how far a point is from the average in terms of standard deviations.