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CLRM

Assumptions of Classical Linear Regression Model

by Economics Live

Following are the assumptions underlying when we use method of Least Squares Assumption 1: Linear regression model The regression model is linear in the parameters i.e., Assumption 2: values are fixed in repeated sampling Values taken by the regressor are considered fixed in repeated samples. More technically, is assumed to … read more

Categories Econometrics Tags CLRM, Ecotrix, OLS, Ordinary least squares Leave a comment
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