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Suppose you have an MLR model with 3 independent variables. Using an alpha of 0.01, you decide to utilize a Breusch-Pagan test to determine if
Suppose you have an MLR model with 3 independent variables. Using an alpha of 0.01, you decide to utilize a Breusch-Pagan test to determine if your model is following the "constant variance" assumption, aka homoskedasticity. Conduct the BP test below by following all 6 steps. State the null and alternative hypotheses
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