?The main assumption of OLS for any model is:
A. ?to check whether the error term is uncorrelated with the response variable.
B. ?to check whether the error term is correlated with the explanatory variables.
C. ?to check whether the error term is uncorrelated with the explanatory variables.
D. to check whether the error term is correlated with the response variable.
Answer: C
You might also like to view...
The purchasing power of the dollar
A) varies directly with the purchasing power of other major currencies such as the euro and the Japanese yen. B) varies inversely with the price level. C) varies directly with the price level. D) varies directly with the price of gold.
What is the current equilibrium price level and real GDP for the economy illustrated in the figure above? Does this economy have an inflationary gap, a recessionary gap, or neither? As it adjusts toward full employment, which curve shifts?
What is the equilibrium real GDP and price level that the economy will ultimately reach?
If Xavier gives up a job in which he earns $23,000 per year in order to go to college full time, his foregone income is part of the opportunity cost of going to college
a. True b. False Indicate whether the statement is true or false
Price discrimination explains why Ivy League universities often base tuition costs on students'
a. age. b. financial resources. c. high school GPA. d. gender.