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A4. What are the 4 assumptions required to ensure that the OLS estimator is BLUE? State the meaning of BLUE. [42] A5. What does a

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A4. What are the 4 assumptions required to ensure that the OLS estimator is BLUE? State the meaning of BLUE. [42] A5. What does a low R2 indicate about the estimated regression? [2] A6. What is the difference between an efficient estimator and a consistent estimator? [4]

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