We have the following data for 17 countries: A researcher estimates a regression using the above data and obtains that: (a) Draw a scatter plot using M and G in each of the axes and explain why the researcher should expect that there is a problem of heteroscedasticity. (b) Explain the consequences of heteroscedasticity on the properties of the estimated coefficients.
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We have the following data for 17 countries:
A researcher estimates a regression using the above data and obtains
that:
(a) Draw a
the researcher should expect that there is a problem of
heteroscedasticity.
(b) Explain the consequences of heteroscedasticity on the properties of
the estimated coefficients.
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