Week 2 Flashcards
1
Q
What is LIE?
A
2
Q
What are the 3 assumptions of OLS?
A
3
Q
What is the first assumption?
A
4
Q
What are the 2 implications of the 1st assumption?
A
5
Q
When is X endogenous and when exogenous?
A
6
Q
What does covariance of 0 imply and what does it not imply?
A
7
Q
What happens when assumption is not satisfied?
A
8
Q
What is the second assumption?
A
9
Q
What is the 3rd assumption?
A
10
Q
What are the 2 roles of the LS assumptions?
A
11
Q
What is the sampling distribution of OLS estimator?
A
12
Q
Why are beta0 and beta1 random variables/
A
13
Q
What is the implicatoion of random variables>
A
14
Q
What does it mean when the sample size is small?
A
15
Q
What is good/bad news when the sample size is small?
A
