What is Econometrics? Understanding Estimators and the OLS Method

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Homework Help Overview

The discussion revolves around understanding econometrics, specifically focusing on estimators, their properties, and the Ordinary Least Squares (OLS) method. The original poster seeks clarification on these concepts for a test preparation context.

Discussion Character

  • Exploratory, Conceptual clarification

Approaches and Questions Raised

  • Participants question the appropriateness of seeking direct answers for test questions and emphasize the need for personal understanding. There is a suggestion to conduct basic research on the topics before seeking help.

Discussion Status

The discussion appears to be in a state of contention, with participants expressing concern over the request for direct answers. The thread has been locked, indicating that no further contributions can be made.

Contextual Notes

There is an implied expectation for original responses in the poster's own words, which some participants highlight as a key requirement for the homework task.

Roman471
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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

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

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