Essay
Consider the following regression output for an unrestricted and a restricted model.
Unrestricted model:
Dependent Variable: TESTSCR
Method: Least Squares
Date: 07/31/06 Time: 17:35
Sample: 1 420
Included observations: 420 Restricted model:
Dependent Variable: TESTSCR
Method: Least Squares
Date: 07/31/06 Time: 17:37
Sample: 1 420
Included observations: 420 Calculate the homoskedasticity only F-statistic and determine whether the null hypothesis can be rejected at the 5% significance level.
Correct Answer:

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There are two restrictions, namely H0 : β...View Answer
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