Unformatted text preview: models? How can you decide which models is the best for your data? 2. What is the interpretation of the coefficient on the interaction term between the two dummy variables? When would you expect this model to describe the data well? 3. What is the interpretation of the coefficient on the interaction term between a dummy variable and a continuous variable? When would you expect this model to describe the data well? 4. What is the interpretation of the coefficient on the interaction term between the two continuous variables? Chapter 8 1. What is heteroskedasticity? 2. What are the consequences of heteroskedasticity? 3. How can heteroskedasticity be detected? 4. How can you correct for it?...
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 Spring '11
 silous
 Econometrics, Regression Analysis, multiple regression model, interaction term

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