Problem

Which of the following can cause OLS estimators to be biased?(i) Heteroskedasticity.(ii) O...

Which of the following can cause OLS estimators to be biased?

(i) Heteroskedasticity.

(ii) Omitting an important variable.

(iii) A sample correlation coefficient of .95 between two independent variables both included in the model.

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Solutions For Problems in Chapter 3