Explain why it is important for statistical inference that given (mathbf{x}) the least squares estimators (b_{1}) and

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Explain why it is important for statistical inference that given \(\mathbf{x}\) the least squares estimators \(b_{1}\) and \(b_{2}\) are normally distributed random variables.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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