If Xit Is Correlated with Xis for Different Values of S

question 35

Multiple Choice

If Xit is correlated with Xis for different values of s and t,then

• A)Xit is said to be autocorrelated
• B)the OLS estimator cannot be computed
• C)statistical inference cannot proceed in a standard way even if clustered standard errors are used
• D)this is not of practical importance since these correlations are typically weak in applications

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Definitions:

Organizing Process

The method of arranging resources and tasks to achieve objectives efficiently and effectively.

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The shared values, beliefs, ethics, and practices that characterize an organization and guide its employees.

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Management style of leaders who believe in minimal supervision and leave most decisions to their subordinates.