↧
Answer by markowitz for Relevance of the homoscedasticity assumption
Why is homoscedasticity crucial for justifying the usual t and Fstatistics?Homoscedasticity is not crucial for the use of the t and F statistics, because they can be used, at least asymptotically, even...
View Article
Image may be NSFW.
Clik here to view.
Clik here to view.
Answer by AdamO for Relevance of the homoscedasticity assumption
Homoscedasticity is NOT an assumption of the Gauss Markov theorem.The Gauss Markov theorem establishes OLS as the BLUE estimator for $\beta$ when the error is homoscedastic.The GM theorem also...
View ArticleRelevance of the homoscedasticity assumption
I understand that the homoscedasticity assumption is one of the Gauss Markov assumptions to get a BLUE estimator.Why is homoscedasticity crucial for justifying the usual t and F statistics?
View Article
More Pages to Explore .....