Remedial Measures of Heteroscedasticity (2018)
The post is about Remedial Measures of Heteroscedasticity. Heteroscedasticity is a condition in which the variance of the residual term, or error term, in a regression model, varies widely. The heteroscedasticity does not destroy the unbiasedness and consistency properties of the OLS estimator (as OLS estimators remain unbiased and consistent …