Why Serial Correlation occur in regression model?|Ugc Net

Why Serial Correlation occur in regression model?|Ugc Net
In this video, we'll explore the concept of serial correlation in regression models, a crucial topic for UGC NET aspirants. Serial correlation, also known as autocorrelation, occurs when the residuals in a regression model are correlated with each other, violating the assumption of independence. We'll delve into the reasons behind serial correlation, its effects on regression analysis, and how to detect and address it. Whether you're a student or a researcher, understanding serial correlation is vital for building accurate and reliable regression models. So, let's dive in and learn why serial correlation occurs in regression models!
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