Mathematics · Statistics
Consider the following standard assumptions of ordinary least squares linear regression analysis: (a) Values of the dependent variable (or errors) are normally distributed. (b) The residuals (errors) have a skewed distribution. (c) The variance of the residuals is constant across all values of the independent variables (Homoscedasticity). (d) The residual terms are independent of each other. Which of the above assumptions are CORRECT?
- 1b and d only
- 2a and b only
- 3a, c and d only✓
- 4b, c and d only
Correct answer
a, c and d only
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