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1. Estimate the following multiple regression model for all the observations in your sample: =0+1+2+3+4+ Perform a RESET test on the specification (include the square
1. Estimate the following multiple regression model for all the observations in your sample:
=0+1+2+3+4+
Perform a RESET test on the specification (include the square and the cube of the predicted value). Obtain and state the appropriate test statistic. What do you conclude?
Apply the full White test for heteroscedasticity. Using the chi-square form of the statistic, obtain and state the p-value. What do you conclude?
please solve it in 20 mins I will thumb you up
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