The WLS estimator is called infeasible WLS estimator when
A) the memory required to compute it on your PC is insufficient.
B) the conditional variance function is not known.
C) the numbers used to compute the estimator get too large.
D) calculating the weights requires you to take a square root of a negative number.
Answer: B
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An important function of the Federal Reserve is
a. clearing checks b. printing currency c. overturning reserve requirements d. controlling the demand for money e. making a large profit
Which of the following explains why elected representatives will find borrowing to be an attractive method of financing current government programs?
a. the shortsightedness effect b. pork-barrel politics c. the invisible hand principle d. the public goods argument for government spending programs
According to economic reasoning, you should follow Nike's advice and "Just Do It" when
What will be an ideal response?
Competition is
What will be an ideal response?