Question: A simple linear regression y 0 1x

A simple linear regression, y = β0 + β1x +  is estimated with time series data. The resulting residuals e and the time variable t are shown in the accompanying table.


a. Graph the residuals against time and look for any discernible pattern.
b. Which assumption is being violated? Discuss its consequences and suggest a possibleremedy.
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  • CreatedJanuary 28, 2015
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