Examlex

Solved

Write an Essay on the Difference Between the OLS Estimator

question 29

Essay

Write an essay on the difference between the OLS estimator and the GLS estimator.


Definitions:

Discrete Random Variables

Variables in statistics that can take on a countable number of distinct values and are not continuous.

Simple Random Sample

A subset of individuals chosen from a larger set such that every individual has an equal chance of being selected.

Sample Proportion

The fraction of observations in a sample that belong to a certain category, serving as an estimate of the proportion in the population.

Bias

A systematic error or deviation from the truth in results or inferences.

Related Questions