Do we have to know the formulas and calculations for detecting heteroskedasticity and serial correlation which is given by Breusch-pagan test and Durbin-Watson test?
If not what information do we need to know about that ?
You have to know what the Breusch-Pagan test is, and you have to know what the Durbin-Watson test is and be able to look up the values in a D-W table and apply them.
But we dont get any tables provided along with the questions. Or is that we would be given the values in brackets alongside the question?
If you need a DW table for a question, they’ll give you an excerpt.
Thank You
My pleasure.