Business Statistics Communicating with Numbers Study Set 1
Quiz 15: Inference With Regression Models
The Restricted Model Is a Reduced Model Where We Estimate
The restricted model is a reduced model where we estimate the coefficients that are restricted under the null hypothesis.
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The term BLUE stands for Best Linear Unbiased Estimator.
When some explanatory variables of a regression model are strongly correlated,this phenomenon is called serial correlation.
A crucial assumption in a regression model is that the error term is not correlated with any of the explanatory variables.
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