CONTENTS 3.1 Framework and Assumptions 3.2 Ordinary Least Squares (OLS)Estimation 3.3 Goodness of Fit and Model Selection Criteria 3.4 Consistency and Efficiency of OLS 3.5 Sampling Distribution of OLS 3.6 Variance Estimation for OLS 3.7 Hypothesis Testing ADVANCED ECONOMETRICS Classical Linear Regression Model May11,2021 2ADVANCED ECONOMETRICS Classical Linear Regression Model May 11, 2021 2 3.1 Framework and Assumptions 3.2 Ordinary Least Squares (OLS) Estimation 3.3 Goodness of Fit and Model Selection Criteria 3.4 Consistency and Efficiency of OLS 3.5 Sampling Distribution of OLS 3.6 Variance Estimation for OLS 3.7 Hypothesis Testing CONTENTS