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Regression Specification Error Test (RESET test) The next two slides are parts of pages 306 and 307 of Wooldridge’s (2013) Introductory Econometrics: A Modern Approach, Fifth Edition. Ramsey (1969) Tests for Specification Errors in Classical Linear Least- Squares Analysis. Journal of the Royal Statistical Association, Series B, 71, 350–371.

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Page 1: Regression Specification Error Test (RESET test)hedibert.org/wp-content/uploads/2014/04/Econometria201304-Aula13... · (RESET test) The next two slides are parts of pages 306 and

Regression Specification Error Test (RESET test)

The next two slides are parts of pages 306 and 307 of Wooldridge’s (2013) Introductory Econometrics: A Modern Approach, Fifth Edition. Ramsey (1969) Tests for Specification Errors in Classical Linear Least-Squares Analysis. Journal of the Royal Statistical Association, Series B, 71, 350–371.

Page 2: Regression Specification Error Test (RESET test)hedibert.org/wp-content/uploads/2014/04/Econometria201304-Aula13... · (RESET test) The next two slides are parts of pages 306 and

Page 3: Regression Specification Error Test (RESET test)hedibert.org/wp-content/uploads/2014/04/Econometria201304-Aula13... · (RESET test) The next two slides are parts of pages 306 and

Page 4: Regression Specification Error Test (RESET test)hedibert.org/wp-content/uploads/2014/04/Econometria201304-Aula13... · (RESET test) The next two slides are parts of pages 306 and

Page 5: Regression Specification Error Test (RESET test)hedibert.org/wp-content/uploads/2014/04/Econometria201304-Aula13... · (RESET test) The next two slides are parts of pages 306 and

Page 6: Regression Specification Error Test (RESET test)hedibert.org/wp-content/uploads/2014/04/Econometria201304-Aula13... · (RESET test) The next two slides are parts of pages 306 and

Reset test price on lotsize,sqrft,bdrms F statistic = 4.66820549 Critical value = 3.10789130 P-value = 0.01202171 lprice on llotsize,lsqrft,bdrms F statistic = 2.56504156 Critical value = 3.10789130 P-value = 0.08307583

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