If the Residuals Violate the Assumption of Autocorrelation, We Know

question 84

Multiple Choice

If the residuals violate the assumption of autocorrelation, we know that they:

• A)are probably outliers.
• B)are not independent.
• C)have constant variance.
• D)are normally distributed.

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Definitions:

Building

A structure with a roof and walls, such as a house or factory, used for living, working, storage, or other purposes.

Scarce Resources

Resources that are limited in availability and cannot satisfy all wants and needs due to their limited supply.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Federal Government

The national government of a federated state, which holds the authority to govern at a level above individual states or provinces.