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Which of the following assumptions do we need for OLS to give us the best linear unbiased
estimators of the regression y = 0 + 1 y + u ? Check all that apply The error term is normally
distributed The variance is constant The errors are independent of one another There is a non-
zero relationship between x and y The expected value of the error term is equal to zero The
expected value of the error term is a non-zero constant

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Which of the following assumptions do we need for OLS to give us the b.pdf

  • 1. Which of the following assumptions do we need for OLS to give us the best linear unbiased estimators of the regression y = 0 + 1 y + u ? Check all that apply The error term is normally distributed The variance is constant The errors are independent of one another There is a non- zero relationship between x and y The expected value of the error term is equal to zero The expected value of the error term is a non-zero constant