What is Econometrics? Understanding Estimators and the OLS Method

[Roman471]

Homework Statement

Guys , hi ! I need help with my test .
In YOUR own words , answer the following :
1) what is econometrics?
2) what is an estimator ? What is an estimate ?
3) what does unbiasedness imply for an estimator ? Is parameter estimate of an unbiased estimator from a sample necessarily the true population value for that parameter ?
4)how does the OLS estimator work ?

last 2 more important in your own words ! Thank you very much !

Homework Equations

The Attempt at a Solution

 

[SteamKing]

I think they want the responses in YOUR own words, not ours.

Anywho, have you even done the most basic research on any of these questions?

 

[LCKurtz]

You have come to the wrong place to get test questions answered.

 

[Mark44]

Thread is locked.