Question

15. State the four assumptions that are made for the random error component of the regression...

15. State the four assumptions that are made for the random error component of the regression model

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Regression analysis is commonly used for modeling the relationship between a single dependent variable Y and one or more predictors.

There are four assumptions associated with a linear regression model:

Linearity: The relationship between X and the mean of Y is linear.
Homoscedasticity: The variance of residual is the same for any value of X.
Independence: Observations are independent of each other.
Normality: For any fixed value of X, Y is normally distributed.

Add a comment
Know the answer?
Add Answer to:
15. State the four assumptions that are made for the random error component of the regression...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT