Economy, asked by abharkaviandavar, 9 months ago

what is said when the errors are not independently distributed?

Answers

Answered by sanya2004srivastav
3

Answer:

Explanation:

This non-zero average error indicates that our model systematically underpredicts the observed values. Statisticians refer to systematic error like this as bias, and it signifies that our model is inadequate because it is not correct on average. Stated another way, we want the expected value of the error to equal zero.

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