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In: Statistics and Probability

What is the nature of heteroscedasticity? What are the consequences of heteroscedasticity? How is heteroscedasticity detected?...

  1. What is the nature of heteroscedasticity?
  2. What are the consequences of heteroscedasticity?
  3. How is heteroscedasticity detected? (Focus on the White-test)
  4. What are the remedial measures? (Focus on Weighted-Least-Squares)

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