In Practice, You May Want to Use the OLS Estimator

question 11

Multiple Choice

In practice, you may want to use the OLS estimator instead of the WLS because

• A)heteroskedasticity is seldom a realistic problem
• B)OLS is easier to calculate
• C)heteroskedasticity robust standard errors can be calculated
• D)the functional form of the conditional variance function is rarely known

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Definitions:

Puberty

The period of life when a person's sexual and physical characteristics mature due to hormonal changes, marking the capability of reproduction.

Early Adulthood

A developmental phase typically ranging from the late teens through the twenties, characterized by exploration, establishing independence, and building foundations in career and relationships.

Synaptic Pruning

The natural and necessary process of shedding excess neurons and synapses during brain development to increase the efficiency of neuronal transmissions.

Synapses

The junctions through which neurons communicate with each other, using chemical or electrical signals.