7. Suppose I estimate the following regression models with BP test p-values: Y₁ p-val = 0.76 Yi = ß0 + ß₁Xi + ß₂X² + Vi Р val = Y₁ = 00 +01Xi +02X² +03X²³ + Zi = 0.056 pval = 0.00013 At the 5% level, which functional form(s) seem(s) appropriate to describe the relationship between Yi and Xi. (a) Form (1) only (b) Form (3) only (c) Form (1) and (2) only (d) Form (1) and (3) only (e) Form (1), (2) and (3) NE (1) (2) (3)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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7. Suppose I estimate the following regression models with BP test p-values:
Y₁
p-val =
0.76
Yi = ß0 + ß₁Xi + ß₂X² + Vi Р val
=
Y₁ = 00 +01Xi +02X² +03X²³ + Zi
= 0.056
pval = 0.00013
At the 5% level, which functional form(s) seem(s) appropriate to describe the
relationship between Yi and Xi.
(a) Form (1) only
(b) Form (3) only
(c) Form (1) and (2) only
(d) Form (1) and (3) only
(e) Form (1), (2) and (3)
NE
(1)
(2)
(3)
Transcribed Image Text:7. Suppose I estimate the following regression models with BP test p-values: Y₁ p-val = 0.76 Yi = ß0 + ß₁Xi + ß₂X² + Vi Р val = Y₁ = 00 +01Xi +02X² +03X²³ + Zi = 0.056 pval = 0.00013 At the 5% level, which functional form(s) seem(s) appropriate to describe the relationship between Yi and Xi. (a) Form (1) only (b) Form (3) only (c) Form (1) and (2) only (d) Form (1) and (3) only (e) Form (1), (2) and (3) NE (1) (2) (3)
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