Which of the following are consequences of heteroskedasticity for regression analysis? Choose as many statements as you think are correct. Correct statements attract credit. Incorrect responses will...

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Which of the following are consequences of heteroskedasticity for regression analysis? Choose as many statements as you think are correct. Correct statements attract credit. Incorrect responses will result in credit being deducted. The lowest mark that you can score for this question is zero.
Select one or more: Wa. The standard OLS estimator of (7- is biased. a. The t-statistics produced by the OLS procedure in Gretl should be disregarded, but the p-values are reliable. n. The estimated standard errors of the coefficient estimators, computed using the standard method, are reliable. d. Confidence intervals computed using the standard method do not have the correct probability coverage. e. The standard OLS estimator of , t = 1, • ••• k is inefficient.
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DI. The standard OLS estimator of L3i , = 1, • ••• k is biased.



Answered Same DayDec 21, 2021

Answer To: Which of the following are consequences of heteroskedasticity for regression analysis? Choose as...

David answered on Dec 21 2021
116 Votes
CONSEQUENCES OF HETEROSCEDASTICITY
If the error term has non-constant variance, but all other assum
ptions of the classical linear
regression model are satisfied, then the consequences of using the OLS estimator to obtain
estimates of the population parameters are:
1. The OLS estimator is still...
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