Is the OLS estimator unbiased

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  • Опубликовано: 8 мар 2024
  • In this video, we consider the simple OLS estimator, where the intercept is imposed to be equal to zero, and evaluate whether it is unbiased or not.
    We consider two very strong assumptions:
    1. The model is correctly specified
    2. The error term is random compared with the values of X.
    It is perfectly possible that either (or both) of these assumptions are not true.

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