The Extended Least Squares Assumptions Are of Interest, Because

question 7

Multiple Choice

The extended least squares assumptions are of interest, because

• A)they will often hold in practice.
• B)if they hold, then OLS is consistent.
• C)they allow you to study additional theoretical properties of OLS.
• D)if they hold, we can no longer calculate confidence intervals.

---

Definitions:

Shared Profits

Profits distributed among stakeholders or partners of a business venture based on a predetermined formula or agreement.

Gross Returns

The total financial gains received from an investment before any deductions are made for expenses, taxes, or losses.

Limited Liability Partnerships (LLPs)

A business structure where partners have limited personal liability for the debts of the partnership.

LLP Statute

A legal regulation that governs the formation, operation, and dissolution of Limited Liability Partnerships, addressing aspects like liability and tax treatment of partners.