Question

A researcher wants to estimate housing price using the following population model: ?1???? = −18.49 + 0.00216????? + 0.112????? + 10.26????? (22.35) (0.00048) (0.012) (4.82) ? = 90, ?! = 0.684, ? A ! = 0.666 Where ????? is the area of the land house built on, ????? is the area of the house, ????? is the number of bedrooms contained. To test whether heteroskedasticity exists, the following regression is estimated: ?K! = −4892.12 + 0.208 ????? + 1.712 ????? + 1063.42 ????? (3259.47) (0.710) (1.463) (996.38) ? = 90, ?! = 0.1601, ? A! = 0.1301 Test whether heteroskedasticity exists (use 5% significance level). What is the name of this test?

Answer #1

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