The scatter chart below displays the residuals verses the dependent variable, t. Which of the following conclusions can be drawn based upon this scatter chart? 0 O residuals are normally distributed O residuals are not independent O model captures the relationship between the variables accurately O model is time-invariant

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
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The scatter chart below displays the residuals verses the dependent variable, t.
Which of the following conclusions can be drawn based upon this scatter chart?
HAMM
residuals are normally distributed
residuals are not independent
O model captures the relationship between the variables accurately
O model is time-invariant
Transcribed Image Text:The scatter chart below displays the residuals verses the dependent variable, t. Which of the following conclusions can be drawn based upon this scatter chart? HAMM residuals are normally distributed residuals are not independent O model captures the relationship between the variables accurately O model is time-invariant
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