The DOLS Estimator Has the Following Property If X_t and Y_t

question 27

Multiple Choice

The DOLS estimator has the following property if X_t and Y_t are cointegrated:

• A)it is BLUE even in small samples.
• B)it is efficient in large samples.
• C)it has a standard normal distribution when homoskedasticity-only standard errors are used.
• D)it has a non-normal distribution in large samples when HAC standard errors are used.

---

Definitions:

Marketing

The business process of identifying, anticipating, and satisfying customers' needs and wants through the creation and exchange of value.

Learning Organization

An organization that prioritizes the continuous learning and development of its members to adapt and innovate.

Open-System Model

A business or organizational approach that focuses on external interactions, recognizing the dynamic exchange between the organization and its environment.

Organizational Life Cycle

The progression through which an organization evolves over time, typically consisting of stages such as startup, growth, maturity, and decline.