What Does Heteroskedasticity Mean

question 2

Multiple Choice

What does heteroskedasticity mean?

• A) The variance in the residuals is the same regardless of their predicted values
• B) There is variance in the residuals
• C) We are unable to produce residuals
• D) The variance in the residuals differ depending on their predicted values

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Definitions:

Gypsum

A soft sulfate mineral composed of calcium sulfate dihydrate, used in the construction industry and as a fertilizer.

Granodiorite

A coarse-grained igneous rock similar to granite but containing more plagioclase feldspar than orthoclase feldspar, commonly found in continental crust.

Marine Settings

Environments located in or influenced by the sea, including coastal regions and oceanic basins, characterized by specific ecological and sedimentological conditions.

Copper Deposit

An area of the Earth's crust containing a significant amount of copper, making it economically viable to mine.