Repeat Exercise 11.16, but this time regress the logarithm of expenditure on food on the logarithm of

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Repeat Exercise 11.16, but this time regress the logarithm of expenditure on food on the logarithm of total expenditure. If you observe heteroscedasticity in the linear model of Exercise 11.16 but not in the log€“linear model, what conclusion do you draw? Show all the necessary calculations.

VOL Observation MPG SP НР WT Observation MPG SP HP VOL WT 17.5 20.0 106 30.0 30.0 65.4 96 49 89 42 32.2 106 95 102 56.

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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