An estimator of ? is said to be linear if
A) it can be estimated by least squares.
B) it is a linear function of Y1,…, Yn .
C) there are homoskedasticity-only errors.
D) it is a linear function of X1,…, Xn .
Answer: B
You might also like to view...
Explain the traditional interest-rate channel for expansionary monetary policy. Explain how a tight monetary policy affects the economy through this channel
What will be an ideal response?
All of the following took place during the Great Depression EXCEPT
A) an increase in unemployment from about 3.4 percent to about 25 percent and a decrease in real GDP by about 30 percent between 1929 in 1933. B) an increase in taxes because of the fear that budget deficits would undermine business confidence. C) a fall in the money supply by more than 30 percent. D) a rise in inflation during the early 1930s.