Consider the heterogeneous regression model Yi = b0i + b1i X
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Consider the heterogeneous regression model Yi = b0i + b1i Xi + ui , where b0i and b1i are random variables that differ
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Consider the heterogeneous regression model Yi = b0i + b1i Xi + ui , where b0i and b1i are random variables that differ from one observation to the next. Suppose that E(ui 0 Xi ) = 0 and (b0i , b1i ) are distributed independently of Xi . a. Let bnOLS 1 denote the OLS estimator of b1 given in Equation (17.2). Show that bnOLS 1
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