The DOLS Estimator Has the Following Property If $X _ { t } \text { and } Y _ { t }$

question 14

Multiple Choice

The DOLS estimator has the following property if $X _ { t } \text { and } Y _ { t }$
are cointegrated:

• A) it is BLUE even in small samples.
• B) it is efficient in large samples.
• C) it has a standard normal distribution when homoskedasticity-only standard errors are used.
• D) it has a non-normal distribution in large samples when HAC standard errors are used.

---

Definitions:

Subclavian Artery

A major artery that supplies blood to the head and arms.

Blood Pressure

The force of circulating blood on the walls of blood vessels, often measured as systolic over diastolic pressure.

Vertebral Arteries

Arteries that ascend along each side of the vertebral column, supplying blood to the brain and spinal column.

Varicose Veins

Swollen, twisted veins that typically appear in the legs and feet, often due to faulty valves in the veins.