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You run a White Test for Heteroscedasticity, on the relationship between the returns of JPM and the market. Using the errors squared from the market
You run a White Test for Heteroscedasticity, on the relationship between the returns of JPM and the market. Using the errors squared from the market model regression you run those against the appropriate independent variables used in the White Test.
If there are 150 observations in the errors squared model and its SST is 0.0166 and SSE is 0.01328. What is the White Test ratio or value?
Type in your answer as a decimal, rounded it off to 4 decimal places.
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