Which Statement Is Not Correct

question 8

Multiple Choice

Which statement is not correct?

• A)Spurious correlation can often be reduced by expressing X and Y in per capita terms.
• B)Autocorrelation is mainly a concern when we are using time-series data.
• C)Heteroscedastic residuals will have roughly the same variance for any value of X.
• D)Standardized residuals make it easy to identify outliers or instances of poor fit.

---

Definitions:

Duty Of Loyalty

A legal obligation of individuals in certain positions to act in the best interests of another party or entity, often seen in corporate governance and employment.

Duty Of Care

A legal obligation to avoid causing harm and to act with a standard of reasonable care towards others.

Violation

An act of breaking or failing to comply with a set of rules or laws.

Profit Maximization

The process or strategy aimed at increasing a business's net profits to the highest possible level, often by increasing revenue, reducing costs, or both.