The document provides steps to test for heteroscedasticity in regression analysis. It describes estimating a regression model using GDP, investment, and unemployment. Residual plots and tests, including Breusch-Pagan Godfrey and White tests, are used to check if the variance of the error terms increases with predicted values, which would indicate heteroscedasticity. Both tests find significant p-values, rejecting the null hypothesis of homoscedasticity and concluding heteroscedasticity is present.