Are the OLS Estimators Normally Distributed in a Linear Regression Model? | by Aaron Zhu | Nov, 2022
Justification for the Normality AssumptionPhoto by Martin Sanchez on UnsplashWe all know that the normality assumption is optional to compute unbiased estimates in a linear regression model. In this post, we will discuss if the OLS estimators in a linear regression model are normally distributed and what assumptions would be needed to draw the conclusion.What are the OLS estimators in a linear regression model?The OLS estimators (β^) are computed from a sample to estimate the population parameters (β) in a linear…