9.7 Are the following statements true or false? Explain your answer. a. An ordinary least squares regression

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9.7 Are the following statements true or false? Explain your answer.

a. “An ordinary least squares regression of Y onto X will not be internally valid if Y is correlated with the error term.”

b. “If the error term exhibits heteroskedasticity, then the estimates of X will always be biased.”

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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