Autocorrelated residuals Study guides, Class notes & Summaries

1. Which of the following is not one of the assumptions of regression? a. There is a population regression line b. The response variable is normally distributed c. The standard deviation of the response variable increases as the explanatory variables increase d. The errors are probabilistically independent 2. The error term represents the vertical distance from any point to the a. estimated regression line b. population regression line c. value of the Y’s d. mean value of the X’s 3. Which ...

1. Forecasting models can be divided into three groups. They are: a. time series, optimization, and simulation methods b. judgmental, extrapolation, and econometric methods c. judgmental, random, and linear methods d. linear, non-linear, and extrapolation methods 2. Extrapolation methods attempt to: a. use non-quantitative methods to predict future values b. search for patterns in the data and then use those to predict future values c. find variables that are correlated with the data being pred...