Answer:
A, B, C, D
Step-by-step explanation:
(A) Checking the Equal Variance Assumption, the appropriate technique to use is:
- The ANOVA (Analysis of Variance) F test
- Plot residuals against fitted values
(B) Checking the Normal Assumption, the appropriate techniques to use are:
- Test for Kurtosis & Skewness
- Kolmogorov-Smirnov Test
- Q-Q Plots (the graphical method) also known as Quantile Plot
- Do not use a histogram; it is not advisable
(C) Checking for Model Misspecification, the appropriate techniques to use are:
- The Ramsey Regression Specification Error Test; also called RESET
- The Davidson & MacKinnon J. Test
(D) Checking for dependent errors, the appropriate technique to use is:
- Plot residuals against time variables
