Desirable Estimator Properties: Consistent Coefficient Estimate

Question 1

Definition:

Answer 1

Not Applicable for Flashcards

Question 2

Interpretation:

Answer 2

As the number of observations increases, the expected difference between the sample parameter estimate and the population parameter approaches zero.

Question 3

Implications of absence…hypothesis testing

Answer 3

Possible with large data sets

Question 4

Implications of absence…forecasting

Answer 4

Possible with large and small data sets.

Question 5

Implications of absence…sensitivity analysis

Answer 5

Possible with large data sets.