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Linear Modelinghard
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In a simple linear regression model Y=β0+β1X+ϵY = \beta_0 + \beta_1 X + \epsilonY=β0​+β1​X+ϵ, if the variance of the error term is Var(ϵ∣X)=σ2⋅X2Var(\epsilon|X) = \sigma^2 \cdot X^2Var(ϵ∣X)=σ2⋅X2, which statement is true regarding the efficiency of the Ordinary Least Squares (OLS) estimator β^1\hat{\beta}_1β^​1​?