A simple linear regression, ,is estimated using time-series data over the last 10 years.The residuals e,and the time variable t are shown in the accompanying table. a.Graph the residuals e against time and look for any discernible pattern.
B)Which assumption is being violated? Discuss its consequences and suggest a possible remedy.

Question

A simple linear regression,  ,is estimated using time-series data over the last 10 years.The residuals e,and the time variable t are shown in the accompanying table.  a.Graph the residuals e against time and look for any discernible pattern.
B)Which assumption is being violated? Discuss its consequences and suggest a possible remedy.

Quizplus · Accepted Answer

The Answer of A simple linear regression,  ,is estimated using time-series data over the last 10 years.The residuals e,and the time variable t are shown in the accompanying table.  a.Graph the residuals e against time and look for any discernible pattern.
B)Which assumption is being violated? Discuss its consequences and suggest a possible remedy.

A Simple Linear Regression, ,Is Estimated Using Time-Series Data