Ramsey RESET

  • 1 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 4 min read Definitions
Ramsey Regression Equation Specification Error Test: Evaluating Linear Regression Model Specifications
Economics Statistics Ramsey RESET Linear Regression Model Specification Econometrics Statistical Testing
The Ramsey Regression Equation Specification Error Test (RESET) is a diagnostic tool used in econometrics to detect misspecifications in a linear regression model by incorporating non-linear combinations of explanatory variables.
Read more about Ramsey Regression Equation Specification Error Test: Evaluating Linear Regression Model Specifications.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.