Explain in words the premise of ols estimation
Problem
a) What does OLS stand for?
b) Explain in words the premise of OLS estimation (how are the OLS estimators B derived)?
c) What is unbiasedness and why is it a desirable property of the OLS estimators?
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Explain in words the premise of OLS estimation? What is unbiasedness and why is it a desirable property of the OLS estimators?
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