Question: What five assumptions are usually made about the unobservable error terms in the classical linear regression Jara model (CLRM)? Briefly explain the meaning of each.

 What five assumptions are usually made about the unobservable error terms

What five assumptions are usually made about the unobservable error terms in the classical linear regression Jara model (CLRM)? Briefly explain the meaning of each. Why are these assumptions made

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