Question

    Park Test is used for which of the

    following?
    A Multicollinearity Correct Answer Incorrect Answer
    B Heteroscedasticity Correct Answer Incorrect Answer
    C Autocorrelation Correct Answer Incorrect Answer
    D Specification Bias Correct Answer Incorrect Answer

    Solution

    Following are the tests for Heteroscedasticity: ✔ Goldfeld–Quandt test, ✔ Park test, ✔ Glejser test, ✔ Brown–Forsythe test, ✔ Harrison–McCabe test, ✔ Breusch–Pagan test, ✔ White test, Cook–Weisberg test

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