[Step-by-Step] For the following two sets of statistics and assumptions, describe why the provided statistic is used (directly or indirectly) to determine if
Question: For the following two sets of statistics and assumptions, describe why the provided statistic is used (directly or indirectly) to determine if the provided assumption has been violated.
- r-squared of White's regression for homoskedasticity.
- Tolerance for collinearity.
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