Module 3: Heteroscedasticity/Heteroskedasticity Unit 10: Heteroscedasticity and Its Implications Unit 11: Solution to Heteroscedasticity Problem Unit 12: Other Tests Module 4: Autocorrelation, Error, and Econometric Modelling Unit 13: Stochastic Regression and measurement errors Unit 14: Autocorrelation Unit 15: Econometric Modellingand Models Using Time Series Data Module 5: Simultaneous Equation, Binary Choice, and Maximum Likelihood Estimation Unit 16: Simultaneous Equations Unit 17: Binary Choice and Maximum Likelihood Estimation. The general aim of module 1 (units 1-3) is to provide you with a thorough understanding of the basic statistical tools needed for regression analyses in the subsequent modules. The Random variables and sampling theory, covariance,
