Question: Question 13 (2 points) Consider regressing Y on X and a constant using OLS. Also, consider running two- stage least square regression with the instrument

Question 13 (2 points) Consider regressing Y on X and a constant using OLS. Also, consider running two- stage least square regression with the instrument Z=X. Then, the resulting two estimates are different and the two-stage least square estimator is more efficient (i.e. its asymptotic variance is smaller) than OLS estimator. C True C False

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