Question: Basic Regression and Hypothesis Testing 1. Explain the meaning of BLUE. 2. Explain the meaning of an unbiased, efficient and consistent estimator. Note: could you

Basic Regression and Hypothesis Testing

1. Explain the meaning of "BLUE".

2. Explain the meaning of an unbiased, efficient and consistent estimator.

Note: could you please answer this question in simple terms, as I'm having a lot of difficulty understanding the concept. Also reference so I can refer to.

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