Refer to the hours worked regression model use log of hours


Question: Refer to the hours worked regression model. Use log of hours worked as the regressand and find out if the resulting model suffers from heteroscedasticity. Show the diagnostic tests you use. How would you resolve the problem of heteroscedasticity, if it is present in the model? Show the necessary calculations.

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Microeconomics: Refer to the hours worked regression model use log of hours
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