How would you find out if error variance is hetero scedastic, Finance Basics

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How would you find out if error variance is hetero scedastic

Problem

In the various wage determination models discussed in this chapter, how would you find out if the error variance is hetero scedastic? If your finding is in the affirmative, how would you resolve the problem?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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