Which of these statements is best?
A)The regression model assumes the error terms are dependent.
B)The regression model assumes the errors are normally distributed.
C)The errors in a regression model are assumed to have an increasing mean.
D)The errors in a regression model are assumed to have zero variance.

Question

Quizplus · Accepted Answer

The assumption that the errors in a regression model are normally distributed is important for several reasons, including allowing for the use of parametric statistical tests and ensuring that the model accurately captures the variability in the data. The other statements are not accurate assumptions of a regression model.

Which of These Statements Is Best