i. Autocorrelation often happens when data has been collected over periods of time.
ii. Homoscedasticity occurs when the variance of the residuals (Y - Y') is different for different values
Of Y'.
iii. Violating the need for successive observations of the dependent variable to be uncorrelated is
Called autocorrelation.
A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.
Correct Answer:
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