The Proof That OLS Is BLUE Requires All of the Following

question 12

Multiple Choice

The proof that OLS is BLUE requires all of the following assumptions with the exception of:

• A)the errors are homoskedastic.
• B)the errors are normally distributed.
• C)E(u_i \(\left| X _ { i } \right) = 0\)
• D)large outliers are unlikely.

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Definitions:

Fundamental Attribution Error

The tendency to underestimate the influence of external factors and overestimate the impact of internal factors when evaluating the actions of others.

Peripheral Route Persuasion

A method of persuasion that involves convincing someone indirectly, through superficial cues or associations, rather than through the central route which involves systematic thinking and argument analysis.

Strict Attendance

emphasizes the rigorous enforcement of rules requiring presence at a designated place, such as a school or workplace, within specified times.

Foot-In-The-Door Phenomenon

The psychological tactic of getting a person to agree to a large request by first setting them up to agree to a modest request.