Classical Linear Regression Model (CLRM) in Economics | Assumptions & Importance Explained
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Classical Linear Regression Model (CLRM) in Economics | Assumptions & Importance Explained
Learn everything about the Classical Linear Regression Model (CLRM) — the cornerstone of econometric analysis in economics. This video explains the meaning, assumptions, and applications of CLRM, including why the Ordinary Least Squares (OLS) method is considered BLUE (Best Linear Unbiased Estimator) under the Gauss-Markov theorem. 🔍 ...
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