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The term ‘best’ in the best linear unbiased estimators (BLUE) implies

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The term ‘best’ in the best linear unbiased estimators (BLUE) implies :

(1) Maximum variance of the estimators

(2) Minimum variance of the estimators

(3) Average variance of the estimators

(4) Unbiased variance of the estimators



Answer: (2) Minimum variance of the estimators
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