Which of the Following Is Not an Assumption of the Regression

question 129

Multiple Choice

Which of the following is not an assumption of the regression model?

• A)The errors are independent.
• B)The errors are normally distributed.
• C)The errors have constant variance.
• D)The mean of the errors is zero.
• E)The errors should have a standard deviation equal to one.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Purchases

The act of buying goods or services.

Product X

A placeholder name used to refer to a generic or unspecified product in economic and marketing contexts.

Rational Consumer

The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.