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Variance and Standard Error of OLS Estimates | Introductory Econometrics 11
Hi, I am Bob. In the last video, we learned that the OLS estimates are unbiased under the zero conditional mean assumption. The unbiasedness of the OLS intercept and slope estimators means if we randomly sample data from the population many times and run the OLS regressions, the average of those estimates is centered at the population parameter ...
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