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Q1 *If assumption 5 of homoscedasticity is violated, what can you do to estimate the model? *If the regression model is y = Bo +

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Q1 *If assumption 5 of homoscedasticity is violated, what can you do to estimate the model? *If the regression model is y = Bo + Bix, + 82xz + u, write down the equations for the Breusch-Pagan test, the White test, and the alternative White test. #Calculate the F-statistic and LM statistics for the three tests given the information below. Breusch-Pagan test White test Alternative White test Observations 100 100 100 R-squared 0.2 0.4 0.25 k F-stat LM-stat

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