Question: I have added the fisher data here. This involves E views software. Im having difficulties using E views properly to answer this question. all the

3. Retrieve the data from a file (Fisher data from D2L and run the following(OLS)regression: Lir c inflation Note: Note: when you open Eviews, select file, new, workfile, Unstructured/undated., number of observations, 40. a) Examine based on the White Test whether there is any heteroscedasticity in the error term at the 5% level. Use the p-value test for Chi-square Follow these steps: After running the above model, click "View and then Residual Diagnostics, heteroskedasticity tests, white test, obs* Rsquared (Ch-square) b) Run a Robust regression. Lir c inflation and select Robustls from the list at the bottom Compare the OLS and Robust regression results. (2 marks) LIR Inflation 2.7 2.9 0.3 Country USA China Japan UK Canada Ausria Belgium 1.2 0.5 0.6 France 0.6 0.1 3.8 2.9 1.2 1.9 8.5 Germany Greece Italy Netherlands Spain Czech Republic Denmark Norway Poland Russia Sweden Switzerland Turkey Australia Hong Kong India Indonesia Malaysia Pakistan Philippines Singapore South Korea 0.3 -0.3 15.2 20.4 2.1 1.8 7.5 7.9 3.9 13.1 4.4 2.1 0.8 Taiwan 0.8 11.3 48.9 3.8 Thailand Argentina Brazil chile Colombia Mexico Peru Israel South Africa 44 8.4 5.6 8.8 3. Retrieve the data from a file (Fisher data from D2L and run the following(OLS)regression: Lir c inflation Note: Note: when you open Eviews, select file, new, workfile, Unstructured/undated., number of observations, 40. a) Examine based on the White Test whether there is any heteroscedasticity in the error term at the 5% level. Use the p-value test for Chi-square Follow these steps: After running the above model, click "View and then Residual Diagnostics, heteroskedasticity tests, white test, obs* Rsquared (Ch-square) b) Run a Robust regression. Lir c inflation and select Robustls from the list at the bottom Compare the OLS and Robust regression results. (2 marks) LIR Inflation 2.7 2.9 0.3 Country USA China Japan UK Canada Ausria Belgium 1.2 0.5 0.6 France 0.6 0.1 3.8 2.9 1.2 1.9 8.5 Germany Greece Italy Netherlands Spain Czech Republic Denmark Norway Poland Russia Sweden Switzerland Turkey Australia Hong Kong India Indonesia Malaysia Pakistan Philippines Singapore South Korea 0.3 -0.3 15.2 20.4 2.1 1.8 7.5 7.9 3.9 13.1 4.4 2.1 0.8 Taiwan 0.8 11.3 48.9 3.8 Thailand Argentina Brazil chile Colombia Mexico Peru Israel South Africa 44 8.4 5.6 8.8
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