The correlation in error terms that arises when the error terms at successive points in time are related is termed
A)leverage
B)multicorrelation
C)autocorrelation
D)parallel correlation

Question

Quizplus · Accepted Answer

Autocorrelation arises when the error terms at successive points in time are related, meaning that there is a correlation between the error terms within the same time series data. Leverage refers to extreme values of the independent variable in regression analysis, multicorrelation is not a commonly used term, and parallel correlation is not a recognized statistical term.

The Correlation in Error Terms That Arises When the Error