GLS Is Consistent and BLUE If

question 50

Multiple Choice

GLS is consistent and BLUE if

• A)X is predetermined.
• B)the error process is AR(1).
• C)X is strictly exogenous.
• D)all the roots are inside the unit circle.

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Definitions:

Supply Chain

The system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

Markov Models

A statistical model used to model randomly changing systems where it is assumed that future states depend only on the current state and not on the sequence of events that preceded it.

Transitional Probabilities

The likelihood of moving from one state or condition to another, often used in the context of labor markets, health statuses, or economic conditions.

Promotion

An employee's upward advancement in the hierarchy of an organization.