Which of the Following Tests Can Be Used to Test

question 10

Multiple Choice

Which of the following tests can be used to test for heteroskedasticity in a time series?

• A)Johansen test
• B)Dickey-Fuller test
• C)Breusch-Pagan test
• D)Durbin's alternative test

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Definitions:

Standard Hours Allowed

The amount of time that should be spent to produce a certain amount of goods or services, according to predetermined standards.

Overhead Volume Variance

A measure used in cost accounting to determine the difference between the allocated overhead costs and the actual overhead costs incurred.

Fixed Overhead Rate

A predetermined rate used to assign fixed overhead costs to cost objects, based on a specific activity level or base.

Normal Capacity Hours

The amount of production capability a company can expect to achieve under normal circumstances over a specific period.