Testing for Heteroskedasticity in The Presence of Outliers
Testing for Heteroskedasticity in The Presence of Outliers
Regression analysis is prone to the issue of heteroscedastic data in a variety of real-world cases, including macroeconomic data. Thus, it is crucial to test the data for possible heteroskedasticity. This is important because if the data is found to be heteroskedastic. Then, this may seriously impact the regression analysis's …