Question: What can we infer if we find the median (LAD) and mean (OLS) regression to have similar coefficient ? Group of answer choices (A) this

What can we infer if we find the median (LAD) and mean (OLS) regression to have similar coefficient ?

Group of answer choices

(A) this means that we hetroskedasticity

(b) This means that the distribution of the error term is symmetric

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!