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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 8
In the model, show that OLS consistently estimates a and if a. is uncorrelated with x. and b. is uncorrelated with x. and x2 , which are weaker assumptions than (9.19). [Hint: Write the equation as in and recall from Chapter 5 that sufficient for consistency of OLS for the intercept and slope is E(ui) = 0 and Cov(xi, ui) = 0.]
Explanation
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Given the equation 
a is intercept and
b...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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