means that the variation about the regression line is constant for all values of the independent variable.
A) Autocorrelation
B) Normality of errors
C) Homoscedasticity
D) Linearity

Question

Quizplus · Accepted Answer

Homoscedasticity refers to the condition where the variance of the error terms (i.e., the "spread" or "scatter" around the regression line) is constant across all levels of the independent variable. This is a key assumption in linear regression analysis, ensuring that the model's predictive accuracy does not depend on the value of the independent variable.

Means That the Variation About the Regression Line Is Constant