Table 1.
Asymptotic efficiency of OLS relative to HT (with 8 categories).
| λ | α0 | α1 | R(0.2) | R(0.4) | R(0.7) |
|---|---|---|---|---|---|
| 0.5 | 1.10 | 1.72 | 1.09 | 1.06 | 1.20 |
| 1 | 1.10 | 1.64 | 1.05 | 1.06 | 1.20 |
| 2 | 1.10 | 1.59 | 1.03 | 1.06 | 1.20 |
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