In the simple regression model under MLR.1 through MLR.4, we argued that the slope estimator, 11eb9ee2_f09b_ecd7_8edd_676aaabcbad4_SM2712_00 1 , is consistent for 1. Using 11eb9ee2_f09b_ecd8_8edd_cb6e59b35f0e_SM2712_11 show that plim 11eb9ee2_f09b_ecd9_8edd_bfbc670f691c_SM2712_11 . [You need to use the consistency of 11eb9ee2_f09b_ecda_8edd_d94dd093d37a_SM2712_11 1 and the law of large numbers, along with the fact that 11eb9ee2_f09b_ecdb_8edd_b594698229ec_SM2712_11

Introductory Econometrics 4th Edition by Jeffrey Wooldridge

Edition 4ISBN: 978-0324660609

Edition 4ISBN: 978-0324660609

Exercise 2

In the simple regression model under MLR.1 through MLR.4, we argued that the slope estimator,

1 , is consistent for 1. Using

show that plim

. [You need to use the consistency of

1 and the law of large numbers, along with the fact that

Explanation

Verified

Assume the given regression equation is ...