Lecture 3 Key Terms Flashcards
1
Q
serial correlation
A
cov( Ut, Us | Xt , Xs) == 0 ie conditional error terms are correlated with eachother. homoskedasticity assumption is violated
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serial correlation
cov( Ut, Us | Xt , Xs) == 0 ie conditional error terms are correlated with eachother. homoskedasticity assumption is violated