Multiple Choice
Which statement is not correct?
A) Spurious correlation can often be reduced by expressing X and Y in per capita terms.
B) Autocorrelation is mainly a concern if we are using time-series data.
C) Heteroscedastic residuals will have roughly the same variance for any value of X.
D) Standardized residuals make it easy to identify outliers or instances of poor fit.
Correct Answer:

Verified
Correct Answer:
Verified
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