When the error term is not normally distributed, then is sometimes called the:
A)asymptotic standard error.
B)asymptotic t statistic.
C)asymptotic confidence interval.
D)asymptotic normality.

Question

When the error term is not normally distributed, then  ​ is sometimes called the:
A)​asymptotic standard error. 
B)​asymptotic t statistic. 
C)​asymptotic confidence interval. 
D)​asymptotic normality.

Quizplus · Accepted Answer

The asymptotic standard error is a measure of the variability of the sample mean or regression coefficient estimates when sample size is large (i.e., it is an estimate of the standard deviation of the sampling distribution of the estimate). When the error term is not normally distributed, the central limit theorem may not hold, and the usual standard error may not be appropriate. However, in some cases, the asymptotic standard error can still provide a valid measure of the precision of the estimate.

When the Error Term Is Not Normally Distributed, Then