11- what will you conclude about a regression model if the Breusch-Pagan test results in a p-value www smaller than the level of significance? Please select one; a) this implies no evidence of serial correlation b) this implies no evidence of heteroskedasticity c) this implies evidence of heteroskedasticity d) this implies evidence of serial correlation

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4: Estimating Demand
Section: Chapter Questions
Problem 5E
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11- what will you conclude about a regression model if the Breusch-Pagan test results in a p-value
smaller than the level of significance?
Please select one;
a) this implies no evidence of serial correlation
b) this implies no evidence of heteroskedasticity
c) this implies evidence of heteroskedasticity
d) this implies evidence of serial correlation
Transcribed Image Text:11- what will you conclude about a regression model if the Breusch-Pagan test results in a p-value smaller than the level of significance? Please select one; a) this implies no evidence of serial correlation b) this implies no evidence of heteroskedasticity c) this implies evidence of heteroskedasticity d) this implies evidence of serial correlation
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