Which of the Following Statements Is True Under the Gauss-Markov

question 25

Multiple Choice

Which of the following statements is true under the Gauss-Markov assumptions?

• A)Among a certain class of estimators, OLS estimators are best linear unbiased, but are asymptotically inefficient.
• B)Among a certain class of estimators, OLS estimators are biased but asymptotically efficient.
• C)Among a certain class of estimators, OLS estimators are best linear unbiased and asymptotically efficient.
• D)The LM test is independent of the Gauss-Markov assumptions.

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Definitions:

No Rain

A weather condition indicating the absence of precipitation.

Asian Applicants

Individuals of Asian descent who apply for a position, status, or opportunity, often within an academic or professional context.

Wait-Listed

Refers to the state of being placed on a list for admission to a school, program, or service for which the demand exceeds available space or resources, pending availability.

Ethnicity

A social construct that categorizes people based on common characteristics like heritage, language, and culture.