Question: 12.2 Explain what is wrong with the following statement: The Cochrane-Orcutt and Prais-Winsten methods are both used to obtain valid standard errors for the OLS

12.2 Explain what is wrong with the following statement: “The Cochrane-Orcutt and Prais-Winsten methods are both used to obtain valid standard errors for the OLS estimates when there is a serial correlation.”

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