Question: (7 points) Explain the difference between heteroscedasticity, collinearity, monotonicity, and homogeneity of variance. Explain conceptually and practically (give example). (4-5 sentences)

(7 points) Explain the difference between heteroscedasticity, collinearity, monotonicity, and homogeneity of variance. Explain conceptually and practically (give example). (4-5 sentences)

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