Test for serial correlation

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Reference no: EM131530165

Question: Explain how each of the following tests can be considered as a test for the coefficients of some extra variables added to the original equation.

(a) Test for serial correlation.

(b) Test for omitted variables.

(d) Test for exogeneity.

(e) J-test.

(f) PSW differencing test

In each case explain how you would interpret the results of the test and the actions you would take.

Reference no: EM131530165

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