Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a regression based on 35 annual observations,U.S.farm income was related to four independent variables- grain exports,federal government subsidies,population,and a dummy variable for bad weather years.The model was fitted by least squares,resulting in a Durbin-Watson statistic of 1.34.The regression of 
on 
i yielded a coefficient of determination of 0.036.
-Test the model for heteroscedasticity.
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n = 35,R2 = 0.036
The test stat...View Answer
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Correct Answer:
Verified
The test stat...
View Answer
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