A researcher estimates a regression using two different software packages. The first uses the homoskedasticity-only formula for
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A researcher estimates a regression using two different software packages. The first uses the homoskedasticity-only formula for standard errors. The second uses the heteroskedasticity-robust formula. The standard errors are very different. Which should the researcher use? Why?
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When the standard errors obtained from two different software packages using different formulas for addressing heteroskedasticity are significantly di...View the full answer
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