Consider a model = Y = Bo + B1X1 + B2X2 + u. Given the nature of the X's and Y, the error terms are likely heteroskedast
Posted: Wed Dec 15, 2021 10:39 am
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.