Which of the Following Statements Is True

question 23

Multiple Choice

Which of the following statements is true?

• A)White test can be used to efficiently determine the presence of serial correlation in panel data.
• B)The t statistic is not an efficient test to determine serial correlation in panel data.
• C)Instrumental variables for both endogenous and exogenous variables are required for estimating simultaneous equation models concerned with panel data.
• D)2SLS should be applied to simultaneous equation models with panel data only after removing the unobserved effects from the equations of interest.

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