Match the description with the appropriate term.
-A systematic pattern in the sequence of residuals.
A) specification analysis
B) standard error of the regression
C) Durbin-Watson statistic
D) t-value
E) heteroscedasticity
F) autocorrerlation
G) homoskedasticity
H) goodness of fit
I) economic plausibility
J) constant variance of residuals

Question

Quizplus · Accepted Answer

Autocorrelation refers to a systematic pattern in the sequence of residuals, indicating that the residuals are not independent of each other.

Match the Description with the Appropriate Term