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Time Series and the Seasonal-Means+ Polynomial Trend 10 15 Time Figure 5 Which of the following characteristics is the model able to capture? Trend Seasonality Trend and seasonality Seasonality and heteroskedasticity

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o Seasonality and heteroskedasticity

Heteroscedasticity (also spelled heteroskedasticity) refers to the circumstance in which the variability of a variable is unequal across the range of values of a second variable that predicts it. A scatterplot of these variables will often create a cone-like shape, as the scatter (or variability) of the dependent variable (DV) widens or narrows as the value of the independent variable (IV) increases.

The graph above seem to have all characteristics of heteroskedastic varaible.

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