Discuss the Properties of the OLS Estimator When the Regression

question 23

Essay

Discuss the properties of the OLS estimator when the regression errors are homoskedastic and normally distributed. What can you say about the distribution of the OLS estimator when these features are absent?

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Definitions:

Diagnosed

The identification of the nature of an illness or other problem by examination of the symptoms.

Othering

A process of viewing or treating a person or group of people as fundamentally different from oneself, often leading to marginalization.

Dominant Group

Refers to the social group in a society that holds the most power, wealth, or privilege, often setting norms and values.

Privileged Group

A social group that has advantages, special rights, or immunities granted or available only to a particular person or group of people.