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Regression Specification Error Test (RESET test)

Journal of the Royal Statistical Association, Series B, 71, 350–371. Reset test price on lotsize,sqrft,bdrms F statistic = 4.66820549 Critical value = 3.10789130 P-value = 0.01202171 lprice on llotsize,lsqrft,bdrms ... and cubed terms have proven to be useful in most applications. Leti denote the OLS fitted values from estimating (9.2 ...

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