Serial correlation -robust Standard errors o What happens if we don't think the regressors are all strictly exogenous o It's possible to calculate serial correlation- robust standard errors along the same lines as heteroskedasticity robust standard errors o Idea is that want to scale the ols standard errors to take into account serial correlation Economics 20- Prof anderson 10Economics 20 - Prof. Anderson 10 Serial Correlation-Robust Standard Errors What happens if we don’t think the regressors are all strictly exogenous? It’s possible to calculate serial correlation￾robust standard errors, along the same lines as heteroskedasticity robust standard errors Idea is that want to scale the OLS standard errors to take into account serial correlation