Serial correlation is
A)the correlation between serial numbers of products
B)the same as autocorrelation
C)the same as leverage
D)None of these alternatives is correct.

Question

Quizplus · Accepted Answer

Serial correlation is the same as autocorrelation, which measures the relationship between values of a time series at different time points. Therefore, option B is the correct answer. Option A is incorrect because it refers to the correlation between serial numbers, which is not relevant to statistics. Option C is incorrect because leverage refers to the influence of outliers on regression models, which is also unrelated to serial correlation. Option D is incorrect because there is a correct answer.

Serial Correlation Is