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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Linearity
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The model specifies a linear relationship between y (dependent variable) and x (independent variables
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Larry Fully Exhales Humongous Eggs Normally
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Full Rank
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There is no exact linear relationship among any of the independent variables in the model.
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Larry Fully Exhales Humongous Eggs Normally
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Exogeneity of the Independent Variables
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The expected value of the disturbance at observation i in the sample is not a function of the independent variables observed at any observation
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Larry Fully Exhales Humongous Eggs Normally
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Homoscedasticity and Nonautocorrelation
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Each disturbance, e has the same finite variance and is uncorrelated with every other disturbance
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Larry Fully Exhales Humongous Eggs Normally
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Exogeneously Generated Data
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The data may be any mixture of constants and random variables.
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Larry Fully Exhales Humongous Eggs Normally
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Normal Disribution
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The disturbances are normally distributed.
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Larry Fully Exhales Humongous Eggs Normally
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