0 is the probability of observing Y when all Xs are 0. Answer: a 7) (12 points) One should never bother with WLS.

0 is the probability of observing Y when all Xs are 0. Answer: a 7) (12 points) One should never bother with WLS. Using OLS with robust standard errors gives correct inference, at least asymptotically. True, false, or a bit of both? Explain carefully what the quote means and evaluate it critically.