One of the Assumptions Required by the Regression Model Is

question 43

Multiple Choice

One of the assumptions required by the regression model is that the residuals (errors) be independent of each other.When this assumption is not met:

• A) multicollinearity exists.
• B) heteroscedasticity exists.
• C) homoscedasticity exists.
• D) serial correlation exists.
• E) a normal distribution exists.

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Definitions:

Islands Formation

The process by which islands are created, often through volcanic activity, sediment deposition, or coral reef buildup.

Pacific Ocean

The largest and deepest of the world's ocean basins, extending from the Arctic in the north to the Southern Ocean in the south.

Seafloor Spreading

The process by which new oceanic crust is created at mid-ocean ridges as tectonic plates diverge, allowing magma from the mantle to cool and solidify.

Lesser Antilles

A chain of smaller islands stretching from the Virgin Islands to Trinidad and Tobago, separating the Caribbean Sea from the Atlantic Ocean.