Assumption of homocedasticity of a clrm

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(a) Alalyze full the assumption of "homocedasticity" of a CLRM. Moreover, which are the differences wit heteroscedasticity?

(b) Analyze fully the assumption of specification bias and use an example to show your intuition.

Reference no: EM131399097

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Assumption of homocedasticity of a clrm : (a) Alalyze full the assumption of "homocedasticity" of a CLRM. Moreover, which are the differences wit heteroscedasticity? (b) Analyze fully the assumption of specification bias and use an example to show your intuition.
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