Which statement is not correct?
A)Spurious correlation can often be reduced by expressing X and Y in per capita terms.
B)Autocorrelation is mainly a concern when we are using time-series data.
C)Heteroscedastic residuals will have roughly the same variance for any value of X.
D)Standardized residuals make it easy to identify outliers or instances of poor fit.

Question

Quizplus · Accepted Answer

Heteroscedastic residuals have different variances for different values of X, not roughly the same variance for any value of X.

Which Statement Is Not Correct