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Business, 22.12.2020 01:20 luthfipadasseri

Suppose you conduct the Breusch-Pagan Test. You estimate the regression with the squared residuals as the dependent variable and unemployment rate and Republican Vote Share as independent variables. From the regression results, you get the F-statistic is 23.118 with a p-value less than 0.001. At a Level of Significance of 5%, what does the Breusch-Pagan Test say about the Linear Regression?

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