GLS Is Consistent and BLUE If A $X$ Is Predetermined $X$ Is Strictly Exogenous

question 40

Short Answer

GLS is consistent and BLUE if a. $X$ is predetermined.
b. the error process is AR(1).
c. $X$ is strictly exogenous.
d. all the roots are inside the unit circle.

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Definitions:

Conditional Probability

The probability that an event will happen after another specific event has already taken place.

Probability Tree

A diagram that helps in visualizing and calculating the probabilities of complex, multistep events.

Certification Test

A formal examination that, upon successful completion, certifies an individual's knowledge or skills in a particular area or profession.

Passed Test

An indication that a particular sample or set of data meets or exceeds the criteria established for a specific statistical test.