Question

Consider the case, the value of βˆ 1 will not be unbiased when Assumption 4 is violated, is that true? what is meaning of assumption 4.

Answer #1

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Case 1
Case 2
Case 3
Case 4
Case 5
Case 6
Case 7
Case 8
IR
25%
40%
60%
70%
70%
70%
95%
60%
CR
50%
50%
60%
100%
50%
70%
40%
50%
AR
3%
4%
5%
5%
2%
1%
3%
1%
DR
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Consider tossing a coin and rolling a four-sided die
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