Consider a model = Y = Bo + B1X1 + B2X2 + u. Given the nature of the X's and Y, the error terms are likely heteroskedast
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Consider a model = Y = Bo + B1X1 + B2X2 + u. Given the nature of the X's and Y, the error terms are likely heteroskedast
Consider a model = Y = Bo + B1X1 + B2X2 + u. Given the nature of the X's and Y, the error terms are likely heteroskedastic. This implies that the estimators Bo, B1, Ô2 are biased.
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