Statistical Anomalies (by order of severity) Flashcards
Minor Anomalies
1) Multicollinearity
2) Extraneous Regressor
3) Serial Correlation
4) Spatial Correlation
Moderate Anomalies
5) Suppressor Variables
6) Heteroskedasticity
7) Omitted Regressor / Model Misspecification
8) Regime Shift
9) Non-Linearity in Regressors
10) Non-Linearity in Parameters
11) Stochastic Regressors / Measurement Error
Major Anomalies
12) Non-Stationarity
13) Invalid Restrictions
14) Binary Dependent Variable
15) Multinomial Nominal Dependent Variable
16) Multinomial Ordered Dependent Variable
17) Censored Dependent Variable
18) Truncated Dependent Variable
List all anomalies in order:
1) Multicollinearity
2) Extraneous Regressor
3) Serial Correlation
4) Spatial Correlation
5) Suppressor Variables
6) Heteroskedasticity
7) Omitted Regressor / Model Misspecification
8) Regime Shift
9) Non-Linearity in Regressors
10) Non-Linearity in Parameters
11) Stochastic Regressors / Measurement Error
12) Non-Stationarity
13) Invalid Restrictions
14) Binary Dependent Variable
15) Multinomial Nominal Dependent Variable
16) Multinomial Ordered Dependent Variable
17) Censored Dependent Variable
18) Truncated Dependent Variable