The gauss markov theorem shows that ols is blue so we of

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The Gauss markov theorem shows that OLS is blue . so we , of course hope and expect that our coeffcient estitames will be unbiased and minimum variance , suppose , however , that you had to choose one or the other :

a) If you had to pick one , would you rather have an unbiases non-minimum variance estimate of a biased minimum variance one ? explain your reasoning.

Reference no: EM13607897

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