The error term in a regression equation is said to exhibit homoskedasticty if ____________. a) it has the same variance for all values of the explanatory variable(s). b) None of the other possible answers correctly finish the sentence. c) it takes the value of one given any values of the explanatory variable(s). d) it has the same value for all values of the explanatory variable(s). e) it has a zero conditional mean.
The error term in a regression equation is said to exhibit homoskedasticty if ____________. a) it has the same variance for all values of the explanatory variable(s). b) None of the other possible answers correctly finish the sentence. c) it takes the value of one given any values of the explanatory variable(s). d) it has the same value for all values of the explanatory variable(s). e) it has a zero conditional mean.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The error term in a regression equation is said to exhibit homoskedasticty if ____________.
a) it has the same variance for all values of the explanatory variable(s).
b) None of the other possible answers correctly finish the sentence.
c) it takes the value of one given any values of the explanatory variable(s).
d) it has the same value for all values of the explanatory variable(s).
e) it has a zero conditional mean.
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