ECS3706 Assignment 2 (ECS3706)
Johns Hopkins University
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ECS3706 Assignment 2
- Exam (elaborations) • 5 pages • 2021
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Question 1 
a) It is possible to get unbiased estimators when Xt and ut are correlated. 
b) Obtaining a high p-value is evidence that the coefficients are 
significantly different from zero. 
This statement is incorrect as P-values higher than 0.05 (> 0.05) are not 
statistically significant and indicate strong evidence for the null hypothesis. In 
other words, we reject the alternative hypothesis and maintain the null 
hypothesis. The statistical significance of a result does not prove t...
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