Due to Assumptions in Linear Regression About the Distribution and Mean

question 59

Multiple Choice

Due to assumptions in linear regression about the distribution and mean of the error,the only population parameter that will need to be estimated to understand the extent of error is the

• A) autocorrelation of the error
• B) standard deviation of the error
• C) coefficient of determination
• D) coefficient of variation

---

Definitions:

Business Discipline

Pertains to the adherence to management theories and practices that aim to improve efficiency, productivity, and accountability in business operations.

Association Is Causation Fallacy

The association is causation fallacy occurs when a correlation between two variables is mistaken for a causal relationship, without sufficient evidence to support such a claim.

Secondary Effects

Unintended consequences of economic actions, which can be positive or negative and occur as indirect results.

Economic Actions

Measures and decisions taken by individuals, firms, or governments that affect the allocation of resources and distribution of goods and services in an economy.