Statistical Anomalies (by order of severity) Flashcards

1
Q

Minor Anomalies

A

1) Multicollinearity
2) Extraneous Regressor
3) Serial Correlation
4) Spatial Correlation

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2
Q

Moderate Anomalies

A

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

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3
Q

Major Anomalies

A

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

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4
Q

List all anomalies in order:

A

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

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