Question: 2. When an OLS regression is estimated, we assume constant variance, which we might write as: V(ela:zv) = of. What does this mean? Describe an

2. When an OLS regression is estimated, we assume constant variance,

2. When an OLS regression is estimated, we assume constant variance, which we might write as: V(ela:zv) = of. What does this mean? Describe an example of a simple OLS regression (one dependent variable, one independent variable) where you would expect this assumption to be not met

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