Assumptions of CLRM: Error term has zero mean and errors uncorrelated with X
Classical Linear Regression Model Part E: Assumptions 3 and 4: Error term has zero mean and errors are unrelated to the explanatory variables. (No simultaneity and zero mean error term). Gauss-Markov Theorem. Support this project on Patreon! / burkeyacademy Or, a one-time donation on PayPal is appreciated! http://paypal.me/BurkeyAcademy My Website: http://www.burkeyacademy.com/ Talk to me on my SubReddit: / burkeyacademy

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