Linear Regression, Statistics, Machine Learning, Data Science, Technology.
OLS criteria A1 — A5 are satisfied, the OLS estimators of coefficients β0 and β1 are BLUE and Consistent. Gauss-Markov Theorem All these properties hold for OLS estimates as summarized in the Gauss-Markov theorem. In other words, OLS estimates have the smallest variance, they are unbiased, linear