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Persistent link: https://www.econbiz.de/10001688738
Yitzhaki (1996) showed that the OLS estimator of the slope coefficient in a simple regression is a weighted average of the slopes delineated by adjacent observations. The weights depend only on the distribution of the independent variable. In this paper I demonstrate that equal weights can only...
Persistent link: https://www.econbiz.de/10013103641