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What are two basic estimator properties defining them as “high quality“ estimators

Question Description
2.1) What are two basic estimator properties defining them as “high quality“ estimators?
2.2) List 3 basic assumptions providing high quality of the OLS estimators. Provide both wording and mathematical formulation.
2.3) How enlargement of the spread of Xi would affect the variance of β1 ? Explain.
2.4) How enlargement of the spread of error terms would affect the variance of β1? Explain.

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