Which of the following statements is true?
A)OLS is a model, whereas feasible GLS is an estimation method.
B)OLS is an estimation method, whereas feasible GLS is a model.
C)Both OLS and feasible GLS are models.
D)Both OLS and feasible GLS are estimation methods.

Question

Quizplus · Accepted Answer

OLS and feasible GLS are both methods for estimating parameters in linear regression models. Therefore, both are estimation methods. Neither OLS nor feasible GLS is a specific model in and of itself - rather, they are methods for estimating the parameters in a given model.

Which of the Following Statements Is True