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EduByAmjad
Park Test Explained in 50 Seconds | AP/IB/A-Level Econometrics
Understand the Park Test for detecting heteroskedasticity — in under 50 seconds. We use the auxiliary regression: ln(e²) as dependent variable ln(x) as the independent variable Then we check whether β₁ = 0 to decide if residuals are homoscedastic. Perfect for AP Economics, IB Economics, A-level Economics, Econometrics, and Math-Econ ...
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