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Explain what is meant by heteroscedasticity
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- Previous answer was absolutely incorruData 1:*2008 and 2013 National Demographic Health Survey showed that the percentage of womenage 15- 19 who had a live birth or is pregnant with first child had increased from 9.9% - 10.1% inthe country.*In Region 1, the percentage of women age fifteen 15 - 24 who havebegun childbearing also increased from 26% - 29%. This was attributed to the following riskybehaviors identified by the adolescents during the Regional Adolescent Congress: Early sex,Substance abuse, Pornography, VAWC (rape case), Fraternities (bad gangs) & Prostitution. Questions:1. What is the impact of the given data to mortality and morbidity rate of adolescent population? 2. What is the impact of the given data to mortality and morbidity rate of neonatal population? 3. Give at least 3 social determinants of health which are contributory factors leading to the datapresented and justify..ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?
- What is sampling? Explain the differences between probability and nonprobability samples and identify the various typesof eachSuppose that a high school student is preparing to take the SAT exam. Explain why his or her eventual SAT score is properly viewed as a random variable.Which of the following is true of heteroskedasticity? a) The R-squared statistic is affected by the presence of heteroskedasticity b) Heteroskedasticty causes inconsistency in the Ordinary Least Squares estimators c) The OLS estimators are not the best linear unbiased estimators if heteroskedasticity is present d) It is not possible to obtain F statistics that are robust to heteroskedasticity of an unknown form
- Explain Standard errors for TSLS (two stage least squares)?how to calulate the fixed overhead spending variance?Static Bayesian Games] We consider a games with 2 players. Player 1 has only asingle type; however, Player 2 can have two types I and D, each with probability 50%. Bothplayers have two actions available to them. The game has the following payoffs (P1 is the rowplayer, P2 the column player):