ECS3706 Assignment 2 (ECS3706)

Question 1 a) It is possible to get unbiased estimators when Xt and ut are correlated. b) Obtaining a high p-value is evidence that the coefficients are significantly different from zero. This statement is incorrect as P-values higher than 0.05 (> 0.05) are not statistically significant and indicate strong evidence for the null hypothesis. In other words, we reject the alternative hypothesis and maintain the null hypothesis. The statistical significance of a result does not prove t...