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Least-squares estimators follow normal distribution

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1. The least-squares estimators follow a normal distribution if the sample size is large, even if the error term is not normally distributed. This is the outcome of which?

a. Gauss-Markov theorem

b. Central limit theorem

c. Least-squares principle

d. none of the above

2. What does R2, the coefficient of determination, measure?

a. the proportion of the variation in dependent variable that is explained by the variation of independent variable.

b. the proportion of the variation in independent variable that is explained by the variation of dependent variable

c. the confidence interval of the error terms as determined by the coefficients.

d. the p-value on the coefficient we are using to test our hypothesis of interest.

Reference no: EM133235596

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