Multiple Choice
Suppose you were to run a regression of leisure travel expenditures by households on household income.We would expect that households with low incomes do not travel much.High-income households may or may not travel much,depending on the household's preferences for travel.The results from this regression will be subject to:
A) multicollinearity.
B) specification bias.
C) autocorrelation.
D) heteroscedasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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