Question: Question 2 (3 points) Consider the classical measurement error model with a single regressor discussed in class. It was shown that the OLS estimator was

Question 2 (3 points) Consider the classical measurement error model with a single regressor discussed in class. It was shown that the OLS estimator was consistent for V(X) V(X ) +V(W) B1 where X denotes the single regressor and W denotes the V(X) measurement error. Suppose you have a consistent estimator for V(W) Denote the V(X) estimator of V(W) as p. Find an estimator consistent for B1 . OB ( 1 +p OB ( 1 + ; ) O BP OBp2

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