Consider the model Yi = β1Xi + ui,where ui = c 
ei and all of the X's and e's are i.i.d.and distributed N(0,1).
(a)Which of the Extended Least Squares Assumptions are satisfied here? Prove your assertions.
(b)Would an OLS estimator of β1 be efficient here?
(c)How would you estimate β1 by WLS?
Definitions:
Subjunctive Verbs
Refers to a verb mood used to express various states of unreality such as wish, emotion, possibility, judgement, opinion, necessity, or action that has not yet occurred.
Intrinsic Reward
A type of motivation that comes from within an individual, driven by personal satisfaction or the joy of doing something.
Commendable Work
Actions, efforts, or results deserving praise or recognition for quality or achievement.
Product
An item or substance that is manufactured or refined for sale.
Q6: You consider visiting Montreal during the break
Q9: E(Y <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2833/.jpg" alt="E(Y X1,...
Q16: Slutsky's theorem combines the Law of Large
Q20: Because statistical software plays such an important
Q27: One of the earlier textbooks in econometrics,first
Q31: For a single restriction (q = 1),the
Q41: The major distinction between the experiments and
Q42: An estimator <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2833/.jpg" alt="An estimator
Q43: Being a competitive female swimmer,you wonder if
Q117: The Poisson distribution is a discrete distribution