Ordinary Least Squares is a BLUE (Best Linear Unbiased Estimator). Choose the best answer Unbiased means that the variance of the estimator is very large Unbiased means that the true B lies above the 95th percentile of the distribution of sample b's you'd get if you repeatedly ran a regression with a different random sample 100's or 1000's of times Unbiased means that the true B lies at the center of the distribution of sample coefficient b's you'd get if you repeatedly ran a regression with a different random sample 100's or 1000's of times Unbiased means that there is not enough evidence to suggest where the true B lies or if it might be zero.
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Step 1: Squares is BLUE (Best Linear Unbiased Estimator), which means it is linear and unbiased with the least variance among all linear and unbiased estimators. Show more…
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