regression over time. Does this graph suggest a specification problem? If so, outline the next steps you would take to improve your model.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.4: Fractional Expressions
Problem 8E
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The following graph plots the residuals of this regression over time.

Does this graph suggest a specification problem? If so, outline the next steps you would take to improve your model.

Residuals
0
1920
1925
1930
year
1935
1940
Transcribed Image Text:Residuals 0 1920 1925 1930 year 1935 1940
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