Assume That Var(ui|Xi)= θ0+θ1

question 6

Multiple Choice

Assume that var(ui|Xi) = θ0+θ1 .One way to estimate θ0 and θ1 consistently is to regress

• A) i on using OLS
• B) on using OLS
• C) on iusing OLS
• D) on using OLS but suppressing the constant ("restricted least squares")

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Definitions:

Service Blueprinting

A process analysis technique that lends itself to a focus on the customer and the provider’s interaction with the customer.

Process-focused Facilities

Operations facilities organized around specific activities or processes, optimizing the production of a small variety of similar products.

Equipment Utilization

A measure of the degree to which a piece of equipment is being used compared to its full potential over a specific period, often expressed as a percentage.

Process Maps

Diagrammatic representations that outline the sequence of actions or steps involved in the performance of a process or operation.