Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2) What would be the consequences for the OLS estimator if autocorrelation is present in a regression model but ignored? (10 points) (a) It will
2) What would be the consequences for the OLS estimator if autocorrelation is present in a regression model but ignored? (10 points)
(a) It will be biased
(b) It will be inconsistent
(c) It will be inefficient
All of (a), (b), and (c) will be true
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started