Suppose that a computer glitch causes you to lose all the observations for which . Will ordinary least squares still provide an unbiased estimator of if you estimate Model 1 using the remaining data? Explain.
Suppose you are interested in the marginal propensity to consume according to the following population regression model: Model 1: , with denotes household ‘s average annual consumption and denotes a measure of household ‘s permanent income. Suppos that your sample consists of a random sample of consumption and income data from the entire population of […]