24- Refer to the following output, what does it refer to?* Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.200071 0.415180 Prob. F(2,122) Prob. Chi-Square(2) 0.8189 Obs R-squared 0.8125 a. This a hetero scedasticity test indicating that there is heteroscedasticity b. This a hetero scedasticity test indicating that there is no heteroscedasticity O C. This an autocorrelation test indicating that thereis autocorrelation O d. This an autocorrelation test indicating that there is no autocorrelation

With Panel Data, if we assume that the individual effects vi are not correlated with the regressors Xit (i.e. E(vi|Xit) = 0), which one of the following statements is correct:     The Fixed Effects estimator is not consistent.     Both the OLS and the Random Effects estimators are not consistent.     The OLS estimator is not consistent, but the Random Effects estimator is consistent.     The OLS and the Random Effects estimator are consistent.     All of the above.     None of the above

How do we use these FOCs to show that (wtNt)/Yt =(1-α) if Yt = At Ktα Nt1-α

In your own words, describe what the difference is between an error term and a residual. How does sample size affect the variance of each?

5.

The fitted values and residuals have the following properties: a. the sample of the average of the residuals is zero b. the sample covariance between each independent variable and the OLS residual is zero c. the sample covariance between the OLS fitted value and the OLS residual is zero d. All of the above is correct ○ a. a O b. b О с. с O d. d