Serial correlation is
A) the correlation between serial numbers of the independent variables.
B) the same as autocorrelation.
C) the same as leverage.
D) used to identify the effects of multicollinearity.

Question

Quizplus · Accepted Answer

Serial correlation is the same as autocorrelation, which measures the degree of correlation between a variable and its lagged values. It is a common issue in time series analysis where observations taken at different time points may not be independent of each other.

Serial Correlation Is