Question: Consider the simple regression model: Y = Bo+BX; +u; (a) Under the Classical Linear Regression Model assumptions, the ordinary least squares (OLS) estimators, Bo

Consider the simple regression model: Y = Bo+BX; +u; (a) Under the Classical Linear Regression Model assumptions, the ordinary least squares (OLS) estimators, Bo and B, are "unbiased." Explain. (b) What factors influence the magnitude of the standard error of the OLS estimator, B? Explain.

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