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      Question

      Which one of the following is not an assumption of

      Classical Linear Regression Model
      A Xi are stochastic Correct Answer Incorrect Answer
      B Xi and ui are not correlated Correct Answer Incorrect Answer
      C There is no specification bias Correct Answer Incorrect Answer
      D Error term is normally distributed Correct Answer Incorrect Answer

      Solution

      The regressors are assumed to be fixed in repeated sampling i.e. Xi are non-Stochastic in CLRM.

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