Using Eqs. (7.4.12) and (7.4.15), show that when there is perfect collinearity, the variances of 2

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Using Eqs. (7.4.12) and (7.4.15), show that when there is perfect collinearity, the variances of β̂2 and β̂are infinite.

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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