In Case of Endogenous Sample Selection, OLS Is Unbiased but Consistent

question 6

True/False

In case of endogenous sample selection, OLS is unbiased but consistent.

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Definitions:

Future Benefits

Projected advantages or positive outcomes expected to be received in the future.

Inefficiently

Operating in a manner that does not maximize output or outcomes for a given set of resources, often leading to wastage or less optimal performance.

Poor Technology

The state of having outdated or inefficient technological resources or capabilities.

Efficient Market

A market in which profit opportunities are eliminated almost instantaneously.