GLS

question 35

Multiple Choice

GLS

• A)results in smaller variances of the estimator than OLS if the regressors are strictly exogenous.
• B)is the same as OLS using HAC standard errors.
• C)can be used even if the regressors are not strictly exogenous.
• D)can be used for time-series estimation, but not in cross-sectional data.

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Definitions:

Gorillas

Large apes native to the forests of central Sub-Saharan Africa and considered the largest living primates.

Modern Humans

Homo sapiens, the species to which all existing human beings belong, characterized by a highly developed brain, capable of abstract thinking, language, and the creation of complex tools and societies.

Brain Size

Refers to the volume or weight of the brain, often considered in relation to body size among species and associated with various cognitive and neurological functions.

Neanderthals

Neanderthals were an extinct species or subspecies of archaic humans who lived in Eurasia until approximately 40,000 years ago.