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Mathematics, 05.05.2020 22:43 Savageman9509
We saw that the sufficient conditions for a consistent estimator included the condition that the limit of the variance of the estimator must be zero as n increases. Since the formula for the variance of our estimated β^2 does not include an n in the denominator, unlike the variance of the sample mean, we can prove that it is asymptotically unbiased, but we cannot claim that it is consistent.
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