All of the Following Are Assumptions of the Error Terms

question 146

Multiple Choice

All of the following are assumptions of the error terms in the simple linear regression model except:

• A)Errors are normally distributed.
• B)Error terms have a mean of zero.
• C)Error terms have a constant variance.
• D)Error terms indicate a positive autocorrelation.
• E)Error terms are statistically independent.

---

Definitions:

Parol Evidence Rule

A rule in contract law that prevents the parties to a written contract from presenting extrinsic evidence of terms that would contradict or add to the written agreement.

Express Disclaimer

A clear and unequivocal statement ensuring that certain facts or rights are not implied from a document or statement.

Oral Warranties

Guarantees made verbally about the quality or function of a product, not in written form.

Comparative Negligence

A legal doctrine that reduces the plaintiff's damages award by the percentage of their fault in causing the injury.