Which of the following can cause the usual OLS t statistics to be invalid (that is, not to have t distributions under H0)?(i) Heteroskedasticity.(ii) A sample correlation coefficient of .95 between two independent variables that are in the model.(iii) Omitting an important explanatory variable.
Which of the following can cause the usual OLS t statistics to be invalid (that is, not to have t distributions under H0)?(i) Heteroskedasticity.(ii) A sample correlation coefficient of .95 between two independent variables that are in the model.(iii) Omitting an important explanatory variable.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 8E
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Which of the following can cause the usual OLS t statistics to be invalid (that is, not to have t distributions under H0)?
(i) Heteroskedasticity.
(ii) A sample
(iii) Omitting an important explanatory variable.
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