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MMLU / Which of the following may be consequences of one or more of the CLRM…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following may be consequences of one or more of the CLRM assumptions being violated?

i) The coefficient estimates are not optimal


ii) The standard error estimates are not optimal


iii) The distributions assumed for the test statistics are inappropriate


iv) Conclusions regarding the strength of relationships between the dependent

and independent variables may be invalid.

choices

  1. (ii) and (iv) only
  2. (i) and (iii) only
  3. (i), (ii), and (iii) only
  4. (i), (ii), (iii), and (iv)

subject

econometrics

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