The Assumptions Underlying Simple Regression Analysis Include ______________

question 2

Multiple Choice

The assumptions underlying simple regression analysis include ______________.

• A)the error terms are exponentially distributed
• B)the error terms have unequal variances
• C)the model is nonlinear
• D)the error terms are dependent
• E)the error terms are independent

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Definitions:

Classical Economics

An economic theory advocating for minimal government intervention in the market, emphasizing free-markets and the idea that markets naturally tend towards equilibrium.

Mainstream Economics

The body of economic thought and analysis that is widely accepted and taught across major universities, focusing largely on microeconomics and macroeconomics theories.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, starting in the United States.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.