{"id":48570,"date":"2024-04-15T22:43:12","date_gmt":"2024-04-15T22:43:12","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=48570"},"modified":"2024-04-15T22:43:12","modified_gmt":"2024-04-15T22:43:12","slug":"in-assumptions-of-specific-analysis-normality-of-residuals-is-satisfied-with-use-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-assumptions-of-specific-analysis-normality-of-residuals-is-satisfied-with-use-of\/","title":{"rendered":"In assumptions of specific analysis, normality of residuals is satisfied with use of"},"content":{"rendered":"

[amp_mcq option1=”real price data” option2=”real cost data” option3=”multiplier data” option4=”divisional data” correct=”option1″]<\/p>\n

The correct answer is A. real price data.<\/p>\n

Normality of residuals is a statistical assumption that the residuals of a regression model are normally distributed. This assumption is important because it ensures that the t-tests and F-tests used to estimate the model’s parameters are valid.<\/p>\n

Real price data is data that has been adjusted for inflation. This is important because inflation can cause the residuals of a regression model to be non-normal. When real price data is used, the residuals are more likely to be normally distributed.<\/p>\n

B. real cost data is not the correct answer because it does not account for inflation. C. multiplier data is not the correct answer because it is not a type of data that is used in regression analysis. D. divisional data is not the correct answer because it is not a type of data that is used in regression analysis.<\/p>\n

In conclusion, the correct answer is A. real price data.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”real price data” option2=”real cost data” option3=”multiplier data” option4=”divisional data” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-48570","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\nIn assumptions of specific analysis, normality of residuals is satisfied with use of<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/in-assumptions-of-specific-analysis-normality-of-residuals-is-satisfied-with-use-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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