The Normal Approximation to the Sampling Distribution Of $\hat { \beta }$

question 5

Multiple Choice

The normal approximation to the sampling distribution of $\hat { \beta }$ ₁ is powerful because

• A)many explanatory variables in real life are normally distributed.
• B)it allows econometricians to develop methods for statistical inference.
• C)many other distributions are not symmetric.
• D)is implies that OLS is the BLUE estimator for ?₁.

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Functionalism

A theoretical framework in sociology that emphasizes the interconnectivity and interdependence of societal institutions and their roles in maintaining social order.

Social Cohesion

The extent to which members of a society feel connected and united towards achieving common goals, fostering a sense of belonging and mutual support.

Sui Generis

A Latin expression meaning "of its own kind" or "unique in its characteristics," often used to describe something that is in a class by itself.

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