Question

If there is a violation of the independence of error assumption for time series data, this could most likely cause _________. Question 1 options: autocorrelation. collinearity. a deflation of the standard error of the slope. unequal error variances.

Answer 1

If there is a violation of the independence of error assumption for time series data, this could most likely cause: autocorrelation

[ we know that,

Serial correlation , which is known as autocorrelation is sometimes a byproduct of a violation of linearity assumption,for example, in the case of a simple trend line fitted to data which are growing exponentially over time. extreme serial correlation is a symptom of a badly mis-specified model ]

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