Question: 2. (4 points) Suppose the error terms in the linear regression model, Y5 = {30 + lXi + 8i, are independent NCO, 0'2). After the

2. (4 points) Suppose the error terms in the linear regression

2. (4 points) Suppose the error terms in the linear regression model, Y5 = {30 + lXi + 8i, are independent NCO, 0'2). After the following transformation is applied, will the (possibly new) error terms be independent? Will they have equal variance? (a) Transformation X\" = 1/X (1)) Transformation Y' = 1fl

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