Economics · Econometrics

The Hausman specification test is used to test whether:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The residuals are autocorrelated
2There is heteroscedasticity in the disturbance term
3An explanatory variable is endogenous (correlated with the error term)✓
4The regression coefficients are jointly significant

Correct answer

An explanatory variable is endogenous (correlated with the error term)

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The Hausman specification test is used to test whether:

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The Hausman specification test is used to test whether:

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