Correlation of the Regression Error Across Observations

question 45

Multiple Choice

Correlation of the regression error across observations

• A)results in incorrect OLS standard errors.
• B)makes the OLS estimator inconsistent, but not unbiased.
• C)results in correct OLS standard errors if heteroskedasticity-robust standard errors are used.
• D)is not a problem in cross-sections since the data can always be "reshuffled."

---

Definitions:

Religiosity

The degree of religious influence on an individual, encompassing beliefs, practices, and how deeply religion is intertwined with one's life.

Civil Religion

A concept where common religious or quasi-religious beliefs and practices unite a society, typically involving patriotic symbols, rituals, and ceremonies that have a sacred quality.

Functionalist Sociologists

study society from a functionalist perspective, focusing on how various social institutions and processes function to maintain societal stability and equilibrium.

Cultural Reforms

Changes and improvements made within a society to alter its cultural practices, norms, and institutions, often aiming at social progress.