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QUESTION TWO (b) What is an estimator? Is the OLS estimator superior to all other estimators? Why or why not? [8 Marks] (c) What does

QUESTION TWO (b) What is an estimator? Is the OLS estimator superior to all other estimators? Why or why not? [8 Marks] (c) What does BEST mean in econometrics if all the assumptions of OLS are satisfied? [10 Marks]

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