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In: Economics

Q2). Distinguish between the following: a) Unbiasedness and Consistency b) R-squared and Adjusted R-squared c) The...

Q2). Distinguish between the following:

a) Unbiasedness and Consistency

b) R-squared and Adjusted R-squared

c) The error term and residuals

d) Type I and Type II errors

Q3). Explain the term BLUE in ordinary least square (OLS) analysis.

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