Question: CONCEPTUAL DISCUSSION Problem: If standard errors are off, then our statistical tests are off. Discussion: You'll be fixing your standard errors under the issue of
CONCEPTUAL DISCUSSION
Problem:If standard errors are off, then our statistical tests are off.
Discussion:
You'll be "fixing" your standard errors under the issue of nonspherical disturbances. As you may recall from class, our population regression function is given by:
\f\f\f\f\f\f\f\f\f\f\f\f\f\f\f\f\f\f\f
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