Match the description with the appropriate term.
-A criteria used to prevent the indiscriminate inclusion of independent variables that have an acceptable correlation.
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

Economic plausibility is the criterion used to prevent the indiscriminate inclusion of independent variables, ensuring that only those variables that make economic sense and have an acceptable correlation are included in the analysis.

Match the Description with the Appropriate Term