I normally program in VBA and studied business administration. But right now I have a task in R and am highly challenged on the following 3 points & would appreciate some help:
- Test whether the error term is homoscedastic.
- Test whether the explanatory variables are individually significant using standard errors that are robust against heteroskedasticity.
- Use an appropriate test for the correct specification of the model.
How can I provide such a question in R?
Thank you guys very much!