1. Estimating The Exchange Rate of the Canadian Dollar
This means that there is unequal scatter for the model's residuals, which is commonly encountered with cross-section data. ... Since we did not use cross section data we dont suspect the existence of heteroscedasticity in our model. ... This test is however subject to several imperfections and hence it is not recommended it often gives results that are inconclusive, it is not valid if lagged dependent variables are present, and it is not applicable if errors follow a higher-order autoregressive process. ... This could be due to many possible reasons such as common errors in calcula...
- Word Count: 1300
- Approx Pages: 5
- Has Bibliography