Discuss the types of situations where you would expect to see non-constant variance in the data. Provide
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Question:
- Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response.
- Describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could be taken.
Expert Answer:
Nonconstant variance also known as heteroscedasticity occurs when the variability of the residuals or errors in a regression model changes across different levels of the independent variables This vio... View the full answer
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