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because your econometrics professor said so!

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15y ago
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Q: Why the Gauss Markov Theorem is Important in the econometrics?
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Related questions

What is the Gauss-Markov theory?

In statistics, the Gauss-Markov theorem states that in a linear regression model in which the errors have expectation zero and are uncorrelated and have equal variances, the best linear unbiased estimator (BLUE) of the coefficients is given by the ordinary least squares (OLS) estimator, provided it exists.


Who invented the fundamental theorem of algebra?

Carl Friedrich Gauss...


What is Gauss's theorem?

This theorem gives a relation between the total flux through any surface and net charge enclosed within the surface.


What is Gauss theorem of electrostatics?

Gauss law states that the total flux passing through a body is 1 upon epsilon times the charge enclosed by the body.


Who proved fundmental theorem of algebra?

The fundamental theorem of algebra was proved by Carl Friedrich Gauss in 1799. His proof demonstrated that every polynomial equation with complex coefficients has at least one complex root. This theorem laid the foundation for the study of complex analysis and was a significant contribution to mathematics.


What did carl f gauss discover in maths?

He proved the "fundamental theorem of algebra" and developed a method of minimizing statistical error called "the method of least squares" which is still used today.


Who was important in Sophie germains life?

her family and her teachers and espesically gauss the teacher which brought her into school


Who were Karl friedrich gauss' parents?

Gebhard Dietrich Gauss and Dorothea Benz. Its CarlFriedrich Gauss, by the way.


How can Carl Gauss' inventions help you?

gauss icaatları


What are the different contribution of Carl Friedrich Gauss?

Carl Friedrich Gauss was a German mathematician and scientist who contributed significantly to many fields, including number theory, statistics, analysis, differential geometry, geodesy, electrostatics, astronomy and optics.For me, Gauss built the theory of complex numbers into its modern form, including the notion of "monogenic" functions which are now ubiquitous in mathematical physics. The other contributions of Gauss are quite numerous and include the Fundamental Theorem of Algebra (that an n-th degree polynomial has n complex roots), hypergeometric series, foundations of statistics, and differential geometry.


When did Christian Gauss die?

Christian Gauss died in 1951.


When was Christian Gauss born?

Christian Gauss was born in 1878.