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The Gauss-Markov assumption of zero conditional expectation of the error term in a population regression model implies the assumption of mean conditional independence. (Hint:

 

The Gauss-Markov assumption of zero conditional expectation of the error term in a population regression model implies the assumption of mean conditional independence. (Hint: the generalized Law of iterated expectations is E(Y | Z)=E(E(u | X, Z) | Z) for any Y, X, Z random variables) True False

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