An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
A. independence of residuals
B. dependence of residuals
C. independence of correlation
D. dependence of residuals
Answer: Option A
Solution(By Examveda Team)
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as independence of residuals. These residual plots can be used to assess the quality of the regression.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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