Included in the regression model

Reference no: EM13695884

Which of the Gauss-Markov assumptions regarding OLS estimates is violated if there are omitted variables not included in the regression model?

i) zero autocorrelation between residuals

ii) The variance of the true residuals is constant

iii) The residuals are normally distributed

iv) No covariance between X and true residual

Select one:

ii and iv

iii only

iv only

iii and iv

Reference no: EM13695884

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