Plim n1 plim Ewt wxtE Xt

where use is made of the properties of plim, namely, that plim (A + B) = plim A + plim B and plim (A\ = plim A

B J plim B

Now as the sample size is increased indefinitely, the second term in both the denominator and the numerator of (5) tends to zero (why?), yielding n3

showing that, although biased, 01 is a consistent estimator of 01.


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Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

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