Question: Explain the following tests for homoskedasticity. (a) Ramsey's test. (b) Goldfeld and Quandt's test. (c) Glejser's test. (d) Breusch and Pagan's test. Illustrate each of
Explain the following tests for homoskedasticity.
(a) Ramsey's test.
(b) Goldfeld and Quandt's test.
(c) Glejser's test.
(d) Breusch and Pagan's test. Illustrate each of these tests with the data in Tables 4.7 and 5.5.
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