Question: Please define the notations clearly to answer the questions below: How to test the existence of Heteroskedasticity in the linear regression model? State the Breusch-Pagan
Please define the notations clearly to answer the questions below:
- How to test the existence of Heteroskedasticity in the linear regression model? State the Breusch-Pagan test and White test.
- How to obtain the feasible generalized least square estimator?
- Explain what the RESET does and how to implement the test.
- What are the conditions that a proxy variable should satisfy to provide consistent estimator for the parameter of interest?
- What is the difference-in-difference estimator? How to use this estimator to perform policy evaluation?
- In a two period panel data fixed effect model, how to obtain the least squares estimator for the key parameter of interest using the differenced equation?
- What is the with-in estimator for the fixed effect panel data model?
- What is the random effect estimator for the panel data model? What is the key difference between random effect and fixed effect?
- What is endogeneity in linear regression model? What are the conditions for a valid instrumental variable? How to obtain the instrumental variable estimator?
- How to obtain the two-stage least squares estimator in a multiple linear regression in which one regressor is endogenous?
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