When the Errors Are Heteroskedastic, Then

question 33

Multiple Choice

When the errors are heteroskedastic, then

• A)WLS is efficient in large samples, if the functional form of the heteroskedasticity is known.
• B)OLS is biased.
• C)OLS is still efficient as long as there is no serial correlation in the error terms.
• D)weighted least squares is efficient.

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Definitions:

Marginalized

Refers to individuals or groups that are pushed to the edge of society by not having the same access to resources, rights, and opportunities as others, often resulting in decreased status and power.

Cultural Sensitivity

The awareness, understanding, and respect of cultural differences, aiming to minimize bias and promote inclusion.

Marginalized

Refers to those individuals or groups that are denied involvement in mainstream economic, political, cultural, and social activities.

Social Equity

Social equity involves ensuring fair and just access to opportunities, resources, and rights for all people, regardless of their background, identity, or socioeconomic status.