Page C True/False 14. OLS estimator being unbiased means on average our estimates will equal their true population param
Posted: Thu Feb 17, 2022 11:01 am
Page C True/False 14. OLS estimator being unbiased means on average our estimates will equal their true population parameter value 15. Efficiency implies that our OLS estimates will be closer to their true population parameter value more often than we would get from using a different estimator 16. If our model exhibits constant variance, our estimates will be biased but efficient