Stuff Flashcards
1
Q
Gauss Markov theorem says
A
2
Q
Endogeneity means that
A
3
Q
The inverse of a matrix is
A
4
Q
A matrix is invertible when
A
5
Q
Limitations of OLS are
A
6
Q
What does BLUE mean?
A
7
Q
Define unbiasedness
A
Unbiasedness in the context of statistical estimation refers to the property of an estimator that, on average, provides parameter estimates that are equal to the true or population parameter value.
An unbiased estimator has an expected value, or mean, that matches the parameter it is estimating. Remember the formula.
8
Q
When to run a t-statistic
A
