Discuss the main assumptions of a classical linear regression model.

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orchestra answered 2 years ago

5. Under the Classical Linear Regression model assumptions, which one of the following is not a...

5. Under the Classical Linear Regression model assumptions, which one of the following is not a required assumption about the error term ui? * a. There is no multicollinearity in the model b. The variance of the error term is the same for all values of x. c. The values of the error term are independent. d. The error term is normally distributed. 6 If you find a positive value of the correlation coefficient it implies that the slope of...

Discuss the underlying assumptions of a simple linear regression model; multiple regression model; and polynomial regression.

What is the main assumptions about the behaviour of the disturbance term in the Classical Linear...

What is the main assumptions about the behaviour of the disturbance term in the Classical Linear Regression Model (CLRM). Briefly explain the meaning of each assumption.

The classical linear regression model in econometrics is the equivalent of the model of perfect competition...

The classical linear regression model in econometrics is the equivalent of the model of perfect competition in price theory- Explain

If the errors in the classical linear regression model are NOT normally distributed is the OLS...

If the errors in the classical linear regression model are NOT normally distributed is the OLS estimator still "BLUE"? Please explain why, or why not.

Define and discuss the difference between linear regression and multiple regression. Are there any assumptions which...

Define and discuss the difference between linear regression and multiple regression. Are there any assumptions which must be met before using multiple regression?

what are the assumption of classical linear regression model? Are these assumption useful for identifying characteristics...

what are the assumption of classical linear regression model? Are these assumption useful for identifying characteristics of OLS

Explain the use of the regression model assumptions?

what are the assumptions made about the economy in the classical model?

When we estimate a linear multiple regression model (including a linear simple regression model), it appears...

When we estimate a linear multiple regression model (including a linear simple regression model), it appears that the calculation of the coefficient of determination, R2, for this model can be accomplished by using the squared sample correlation coefficient between the original values and the predicted values of the dependent variable of this model. Is this statement true? If yes, why? If not, why not? Please use either matrix algebra or algebra to support your reasoning.

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