The independent variables may be correlated with error terms in the equations in which they appear as independent variables.
A. (ii) and (iv) only
B. (i) and (iii) only
C. (i), (ii) and (iii) only
D. (i), (ii), (iii) and (iv)
Answer:C
The independent variables may be correlated with error terms in the equations in which they appear as independent variables.
A. (ii) and (iv) only B. (i) and (iii) only C. (i), (ii) and (iii) only D. (i), (ii), (iii) and (iv)