c) Following is the test result of White's test. State the null hypothesis. Discuss whether the error term is heteroskedastic or not. State your reasoning clearly. (2 points) White's test for heteroskedasticity OLS, using observations 1-50 Dependent variable: uhat^2 coefficient std. error t-ratio p-value ---------------------------------------------------------------- const 8.28037e+06 1.50299e+07 0.5509 0.5845 HSRANK 326893 417699 0.7826 0.4381 PARENT 36.1371 775.681 0.04659 0.9631 sq_HSRANK 1422.38 3057.25 0.4652 0.6440 X2_X3 5.46117 8.28264 0.6594 0.5131 sq_PARENT 0.0159005 0.00437989 3.630 0.0007 *** Unadjusted R-squared = 0.348726 Test statistic: TR^2 = 17.436315, with p-value = P(Chi-square(5) > 17.436315) = 0.003743 d) What do you suggest as a remedy to deal with heteroskedasticity? (2 points)