Which of the following would be considered a definition of an outlier?
A) an extreme value for one or more variables
B) a value whose residual is abnormally large in magnitude
C) values for individual explanatory variables that fall outside the general pattern of the other observations
D) all of these choices
Correct Answer:
Verified
Q9: In regression analysis,homoscedasticity refers to constant error
Q18: What is not one of the guidelines
Q19: Which statement is true regarding regression error,
Q20: The t-value for testing Q21: The objective typically used in the tree Q23: Determining which variables to include in regression Q24: Another term for constant error variance is Q24: Which approach can be used to test Q66: When the error variance is nonconstant,it is Q68: Suppose you forecast the values of all
A)homoscedasticity.
B)heteroscedasticity.
C)autocorrelation.
D)multicollinearity.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents