The value of the estimated transformation parameter in generalized least square estimation that eliminates serial correlation in error terms indicates whether the estimates are likely to be closer to the pooled OLS or the fixed effects estimates.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The value of the estimated transformation parameter in generalized least squares estimation that eliminates serial correlation in error terms indicates whether the estimates are likely to be closer to the pooled OLS or the fixed effects estimates.
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