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(a) An estimator is consistent if it converges in probability to the true parameter value, i.e. if in probability. Prove that the OLS estimator

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(a) An estimator is consistent if it converges in probability to the true parameter value, i.e. if in probability. Prove that the OLS estimator is consistent. (b) We say that is unbiased if E = . Prove that the OLS estimator is unbiased. (Hint: Use all available resources to solve the problem. Try to understand the most important conceptual aspects of these two proofs.)

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a To prove that the OLS estimator is consistent we need to show that it converges in probability to the true parameter value The OLS estimator is give... blur-text-image

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