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Breusch Pagan Test Explained | Detect Heteroskedasticity Easily #Econometrics #Statistics #BPTest
Let’s discuss the Breusch-Pagan Test — one of the most widely used methods in Econometrics to detect heteroskedasticity in a regression model. 📈 In this short video, we’ll explain the concept, formula, steps, and interpretation of the Breusch-Pagan Test in a simple, exam-oriented way. You’ll understand how this test checks whether ...
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