Which of the Following Statements Is True

question 7

Multiple Choice

Which of the following statements is true?

• A)OLS is a model, whereas feasible GLS is an estimation method.
• B)OLS is an estimation method, whereas feasible GLS is a model.
• C)Both OLS and feasible GLS are models.
• D)Both OLS and feasible GLS are estimation methods.

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Definitions:

Bona Fide Occupational Qualification

An employment qualification that is reasonably necessary for the normal operation of a particular business or enterprise, and can justify discrimination based on characteristics like religion, nationality, or gender in certain circumstances.

Discriminate

To treat someone or something differently or unjustly, often based on characteristics like race, age, gender, etc., rather than individual merit.

Hiring

The action of starting a legal relationship between an employer and employee where the employee performs work under certain conditions in exchange for remuneration.

Union Membership

The state or condition of being a member of a labor union, which represents workers in specific industries or professions in negotiations over wages, benefits, and working conditions.