3. Wild Wllie's Weenie Wor ld is testing a model to predict its profts. The The model contains 5 explanatory variables and 25 observations. a. At the 5% level of significance, does autocorrel...
Serial correlation, its implications on the OLS model. What is classical Assumption 4 Error term has constant variance Error term is normally distributed All explanatory variables are un correlated with error term Different observations of error term are uncorrelated each other Relationship between serial correlation and classical assumption 4. Serial violates classical assumption 4 always hold Serial violates support Serial violates is not related Serial violates is used to help when 4 violated Assuming we are using an appropriate test...