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Which of the following refers to the circumstance in which the variability of a variable is unequal across the range of values of a second variable that predicts it?(a) Heterogeneity(b) Heteroskedasticity(c) Heteroelasticty(d) None of the mentionedI got this question by my college professor while I was bunking the class.Question is from Introduction to Regression Models topic in chapter Statistical Inference and Regression Models of Data Science |
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Answer» RIGHT option is (b) Heteroskedasticity Easiest EXPLANATION - Heteroskedasticity has SERIOUS CONSEQUENCES for the OLS estimator. |
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