The Term Autocorrelation Refers to

question 13

Multiple Choice

The term autocorrelation refers to

• A)the analyzed data refers to itself.
• B)the sample is related too closely to the population.
• C)the data are in a loop (values repeat themselves).
• D)time series variables are usually related to their own past values.

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Definitions:

Automatic System

Processes in the brain that occur without conscious effort, often quickly and based on learned routines.

Statistical Reasoning

The process of using statistical methods and principles to analyze, interpret, and draw conclusions from data.

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Anchoring Heuristic

A cognitive bias where an individual relies too heavily on an initial piece of information to make subsequent judgments.