Econometrics Questions

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Discuss gauss markov theorem

Explain graphical method in detecting heteroscadasticity?
What is the difference b/w perfect multicolinearity and less perfect multicolinearity?
What is park test? Where do you use park test and how?
Define Durbin Watson d test?
What remedial measures would like to suggest correcting multicollinearity problems?
What do you mean by regression on standardize variables? Explain
Explain assumption of durbin-watson d test
Explain how to detect multicollinearity?
What is regression through origin? Describe
Explain the procedure of Durbin Watson d test in detecting autocorrelation
Discuss methodology of econometrics with example.
To explain what determines the price of air conditioners.raju obtained the following regression
results based on a sample of 19 air conditioners

Yi=-68.236+0.023X2i+19.729Y3i+7.653X4i
Se= (0.005)

(8.992)

(3.082)

R^2=0.84
Where Y=the price of air conditioners in dollars
X2=the British thermal units (BTU) rating of air conditioner
X3=the energy efficiency ratio
X4=the number of settings