Solved: Describe remedial measure, Econometrics

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Describe remedial measure

Assignment:

1. Describe a situation in which autocorrelation might be present and which of the three methods of detecting autocorrelation you would leverage. Explain your rationale.

2. Describe what remedial measure you would take to address autocorrelation if it were found. Provide examples to support your response.

Readings:

ESSENTIALS OF ECONOMETRICS

By Damodar N. Gujarati

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Econometrics: Describe remedial measure

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