Serial correlation is typically observed in __________________.
A) outliers
B) sparse data
C) time series data
D) cross-sectional data

Question

Quizplus · Accepted Answer

Serial correlation, also known as autocorrelation, is a phenomenon observed in time series data where the values of the variable are correlated with their past values. It is not typically observed in outliers, sparse data or cross-sectional data.

Serial Correlation Is Typically Observed in __________________