To test joint linear hypotheses in the multiple regression model, you need to
A) compare the sums of squared residuals from the restricted and unrestricted model.
B) use the heteroskedasticity-robust F-statistic.
C) use several t-statistics and perform tests using the standard normal distribution.
D) compare the adjusted R2 for the model which imposes the restrictions, and the unrestricted model.
Answer: B) use the heteroskedasticity-robust F-statistic.
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A) Joan Robinson and Edward Chamberlin. B) David Hume and Adam Smith. C) John Neville Keynes and John Maynard Keynes. D) Carl Menger and Eugen Von Bohm-Bawerk.
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