1. State briefly the meaning of an unbiased estimator.
.
2. Explain briefly why we should report the standard errors
of our estimates along with our estimates.
.
3. Fill in the blanks (i.e. A and B) for the following
statement.
"Significance level is the probability of [
A ] the null hypothesis given that it is
[ B ]. "
.
4. Evaluate if the following statement is true or
false.
"We can test the zero conditional mean assumption by testing if
the residuals are uncorrelated with the explanatory variable."
- True
- False
1. State briefly the meaning of an unbiased estimator. . 2. Explain briefly why we should report the standard errors of
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