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Use the table below to answer the following question.
Table 26.3.2
-Refer to Table 26.3.2. The International Monetary Fund's World Economic Outlook database provides the data given in the table for India in 2004, 2005 and 2006. The numbers in the table are consistent with
Normality
The condition of conforming to a normal distribution, characterized by data that plots as a bell-shaped curve.
Durbin-Watson Statistic
A measure used in statistics to detect the presence of autocorrelation at lag 1 in the residuals from a regression analysis.
Residual
The difference between an observed value and the estimated value in a regression analysis.
Multicollinearity
A situation in regression analysis in which predictor variables are highly correlated, making it difficult to isolate the individual effects of the predictors.
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