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Unformatted text preview: 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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This note was uploaded on 11/20/2011 for the course ECON 420 taught by Professor Silous during the Spring '11 term at Emory.
 Spring '11
 silous
 Econometrics

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