please i would like to ask when we want to check for heteroskedasticity in our model .If in our main model we need to control for YEAR and Industry using code (i.YEAR I.INDUSTRY)
What is the appropriate way to do that (do we need to remove year and industry from our model when we check for heteroskedasticity or we need to keep them i expaln this in regression
reg pensionassetallocationequitywh csopresence firmsizewh ROAwh operationcashflowvolatilitywh leveragewh dividendpayoutwh boardsizewh boardindependencewh contributionwh pension_sizewh durationwh planreturnswh discountratewh mergersaquisitions i.year, i.industry
hettest
OR
reg pensionassetallocationequitywh csopresence firmsizewh ROAwh operationcashflowvolatilitywh leveragewh dividendpayoutwh boardsizewh boardindependencewh contributionwh pension_sizewh durationwh planreturnswh discountratewh mergersaquisitions i.year
hettest
MY question do we need to remove year and industry when we check for heteroskedasticity
What is the appropriate way to do that (do we need to remove year and industry from our model when we check for heteroskedasticity or we need to keep them i expaln this in regression
reg pensionassetallocationequitywh csopresence firmsizewh ROAwh operationcashflowvolatilitywh leveragewh dividendpayoutwh boardsizewh boardindependencewh contributionwh pension_sizewh durationwh planreturnswh discountratewh mergersaquisitions i.year, i.industry
hettest
OR
reg pensionassetallocationequitywh csopresence firmsizewh ROAwh operationcashflowvolatilitywh leveragewh dividendpayoutwh boardsizewh boardindependencewh contributionwh pension_sizewh durationwh planreturnswh discountratewh mergersaquisitions i.year
hettest
MY question do we need to remove year and industry when we check for heteroskedasticity
