Hi Scott, thank you for this insightful comment on the intricacies of OLS weighting! Just to clarify something; in about the fourth paragraph, regarding omega 0, it seems to increase, and not decrease with rho - omega 0 is 0 when rho is 0 and 1 when rho is one. Right? Thanks in advance!
Lies, Damn Lies and OLS Weights Part II
Hi Scott, thank you for this insightful comment on the intricacies of OLS weighting! Just to clarify something; in about the fourth paragraph, regarding omega 0, it seems to increase, and not decrease with rho - omega 0 is 0 when rho is 0 and 1 when rho is one. Right? Thanks in advance!