Consistency of Feasible Generalized Least Square Estimators Requires the Error

question 8

True/False

Consistency of feasible generalized least square estimators requires the error term to be correlated with lags of the explanatory variable.

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Definitions:

Analytic Marxism

An approach to Marxist theory that combines the insights of classical Marxism with tools and methods from analytical philosophy and the social sciences.

Empirical Methods

refer to the collection of data through observation and experimentation to understand the world.

Neo-Marxism

An approach that applies Marxist theories and methods to contemporary issues, emphasizing culture, ideology, and the role of the state.

Urban Proletarian

A member of the working class who lives in an urban area, often associated with the industrial labor sector.