Explain Why the OLS Estimator for the Slope in the Simple

question 53

Essay

Explain why the OLS estimator for the slope in the simple regression model is still unbiased, even if there is correlation of the error term across observations.

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Definitions:

Thorazine

A medication primarily used to treat psychotic disorders such as schizophrenia, known generically as chlorpromazine.

Systematic Desensitization

In behavior therapy, a step-by-step process of desensitizing a client to a feared object or experience; it is based on the classical-conditioning procedure of counterconditioning.

Behavior Therapy

A form of therapy that applies principles of classical and operant conditioning to help people change self-defeating or problematic behaviors.

Phobias

Intense, irrational fears of specific objects or situations.