OK. I agree the title has a bad pun. We are not going to discuss about Darjeeling tea or English tea or any other tea for that matter. (I can feel the dissatisfaction among the tea lovers.) But hold your horses. The ‘t’ that we are going to discuss is the t-statistic. The stalwart for … More Care for a cup of “t” ?
One of the assumptions of Classical linear regression has been the homoscedasticity of errors i.e. the variance of error terms are constant. However in real life many times we are stuck with data due to many reasons that exhibit heteroscedasticy i.e. non-constant variance. There are many tests available out there but one of the most … More Easy White Test in R
Well this is my first post ever, so I decided to start with something light.And for the past couple of days I have been studying Basic Econometrics by Gujarati again just for fun ( yes for fun 🙂 ) For those of you who have done regression analysis at some point of time, the issue … More Comparing Regression Models -Different Dependent Variable