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Consider once more the CLRM: Yt Bo + Bxt + ... + Bx x xt + Utr a) What is the consequence of applying
Consider once more the CLRM: Yt Bo + Bxt + ... + Bx x xt + Utr a) What is the consequence of applying OLS to estimate and make inference on the model above if the error terms are autocorrelated? b) What tests can you use in order to detect autocorrelation? Discuss. [12 marks] [13 marks]
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a What is the consequence of applying OLS to estimate and make inference on the model above if the error terms are autocorrelated If the error terms i...
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
