If the Plot of the Residuals Is Fan Shaped,which Assumption

question 108

Multiple Choice

If the plot of the residuals is fan shaped,which assumption is violated?

• A)Normality.
• B)Homoscedasticity.
• C)Independence of errors.
• D)No assumptions are violated,the graph should resemble a fan.

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Definitions:

Normative Statement

An assertion that expresses a value judgment or opinion about what ought to be, rather than what is empirically verifiable.

Post Hoc

A logical fallacy that assumes a cause-and-effect relationship simply because one event follows another in time.

Causality

The relationship between cause and effect, where one event (the cause) leads to the outcome of another event (the effect).

Economics in Practice

The application of economic theories and principles to real-world scenarios and the analysis of economic behaviors and events.