If the disturbance term is heteroscedastic, which one of the responses based on given statement is true?
A. OLS estimators are biased
B. OLS estimators do not have the minimum variance property
C. Tests of significance based on OLS estimates will be inaccurate
D. OLS estimators are inconsistent
Choose the correct options
1
A and B are true
2
A and C are true
3
B and C are true
4
A and D are true