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Management

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Question 1(d) and Question 2(c) Ramsey RESET Test [Week 4, Lecture 1]: In order to apply a Ramsey RESET test you will need to use the lmtest package. First, estimate your model using the lm command. For the RESET test with squared fitted values: resettest(model name, power=2, type="fitted")
where model name is the name of your saved regression results from the lm command. For the RESET test with squared and cubed fitted values:
resettest(model name, power=2:3, type="fitted")

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