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The * is estimated
Detection of: Graphical examination of residuals
Diagnostic:
Park Test: Run the original regression despite the hetero problem. From this regression, obtain the residuals, square them and take their logs(CPU will do). Run the regression using an explanatory variable. Run against the x variable, Yi, and Y...
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Run against the x variable, Yi, and Y. Test the null hypo B2 = 0, that is there is no hetero. If statistical
Park Test, Glejser test
Find errors and regress on the x/s with scale effect.
Treatment
Increase data/sample, transform variables, Generalized Least Squares (GLS)
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Autocorrelation and Heteroscdascity
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