When you have an omitted variable problem, the assumption that is violated. This implies that
A) the sum of the residuals is no longer zero.
B) there is another estimator called weighted least squares, which is BLUE.
C) the sum of the residuals times any of the explanatory variables is no longer zero.
D) the OLS estimator is no longer consistent.
Correct Answer:
Verified
Q1: If you had a two regressor regression
Q1: You have to worry about perfect multicollinearity
Q2: Q2: In the multiple regression model, the least Q5: (Requires Calculus) In the multiple regression Q6: Under the least squares assumptions for Q9: Omitted variable bias a. will always Q12: One of the least squares assumptions in Q13: Under imperfect multicollinearity Q17: The OLS residuals in the multiple regression
A)the OLS estimator cannot be
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