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What are the consequences of heteroscedasticity? (a) The estimator , will be biased and the test statistics (p-values, etc. ) will be incorrect. (b) The

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What are the consequences of heteroscedasticity? (a) The estimator , will be biased and the test statistics (p-values, etc. ) will be incorrect. (b) The test statistics (p-values, etc. ) will be incorrect. (c) The estimator , will be inconsistent and the test statistics (p-values, etc.) will be incorrect. (d) The error term u will not be normally distributed in small samples

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