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"One Should Never Bother with WLS

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Essay

"One should never bother with WLS. Using OLS with robust standard errors gives correct inference, at least asymptotically." True, false, or a bit of both? Explain carefully what the quote means and evaluate it critically.


Definitions:

High Degrees

Advanced levels of academic achievement, typically referring to graduate-level education such as master's or doctoral degrees.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in pursuit of profit and innovation.

Technopreneur

An entrepreneur who focuses on innovation in technology, leveraging technological advancements to develop new products or services.

Visionary Technologist

A professional who foresees significant technological changes and innovations, guiding their organization or sector towards future advancements.

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