When the errors in a regression model are not independent, the regression model is said to have autocorrelation.

Name: When the errors in a regression model are not independent, the regression model is said to have autocorrelation.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Autocorrelation is the presence of correlation between the error terms in a regression model, indicating that they are not independent. Therefore, when errors in a regression model are not independent, the regression model is said to have autocorrelation.

When the Errors in a Regression Model Are Not Independent