I can trying to detect and correct heteroskedasticity, multicollinearity and autocorrelation in Eviews9 on a data set of 13 countries for a period from 1995 to 2015. I've ran a Hasman test thus far which resulted in a prob. of 0.077 which I assumed that a random effect model is needed. However I have very ll title knowledge about statistics or reviews. Can someone Kindly confirm the step I should take to check for the above?
Additional info: the Durbin-Watson stat is 0.361766. How would I improve this stat? As Eviews won't allow me to att AR(1) to a random effect model
For econometric discussions not necessarily related to EViews.
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