The Gauss-Markov Theorem for Multiple Regression States That the OLS

question 7

Multiple Choice

The Gauss-Markov theorem for multiple regression states that the OLS estimator

• A)has the smallest variance possible for any linear estimator.
• B)is BLUE if the Gauss-Markov conditions for multiple regression hold.
• C)is identical to the maximum likelihood estimator.
• D)is the most commonly used estimator.

---

Definitions:

Credit Period

The time duration given by a seller to a buyer to pay for a product or service, typically expressed in days.

Inventory Period

The average time that goods remain in inventory before being sold, indicating the efficiency of inventory management.

War On Terrorism

A global military campaign launched by the United States and allied countries to combat terrorism, especially in response to the September 11 attacks.