I read about hypothesis testing, null and alternative hypotheses (H0 and H1). Essentially, it helps us assess whether our sample is extreme enough to reject the null hypothesis (H0). This understanding also helped me grasp p-values better, which measure how extreme our sample is. I also delved into how p-values are calculated. The smaller our p-value, the more extreme our sample must have been or the closer it was to the extreme. Then, I did some cursory reading on the additional material provided on the Breusch-Pagan test. I learned the difference between R-squared and the Standard Error of the Estimate.