Q438
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
A.
independence of residuals
AnswerB.
dependence of residuals
C.
independence of correlation
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as independence of residuals. These residual plots can be used to assess the quality of the regression.