* BPG Heteroskedasticity test in OLS Model for Consumption * * Keywords: * regression, ols, linear, heteroskedasticity, breusch-pagan-godfrey, bpg, * test, consumption, expenditure, income * * Description: * We illustrate how to estimate a linear OLS Model for Consumption Expenditure * and use Breusch-Pagan-Godfrey (BPG) Test * * Author(s): * Skif Pankov * * Source: * Damodar N. Gujarati and Dawn C. Porter, Basic Econometrics - 5th Edition * McGraw-Hill International Edition, Chapter 11, Example 11.5 (page 386) * sample 1 30 * Reading the datafile and naming variables read(data_11.4.shd) y x * Running an OLS regression of y on x ols y x * Running a set of heteroskedasticity tests, one of which shall be BPG diagnos / het stop