Autocorrelation does not bias the parameter estimates
Autocorrelation does not bias the parameter estimates, however, few econometricians would trust parameter estimates derived from models with auto-correlated residuals. Why?
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1 the demand function for a firmrsquos product is qp 50-p10 the firmrsquos cost of production is cq q3-20q2125q the
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autocorrelation does not bias the parameter estimates however few econometricians would trust parameter estimates
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