What assumptions are usually made about the unobservable stochastic error terms in the classical normal linear regressio

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What assumptions are usually made about the unobservable stochastic error terms in the classical normal linear regressio

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What Assumptions Are Usually Made About The Unobservable Stochastic Error Terms In The Classical Normal Linear Regressio 1
What Assumptions Are Usually Made About The Unobservable Stochastic Error Terms In The Classical Normal Linear Regressio 1 (14.03 KiB) Viewed 8 times
What assumptions are usually made about the unobservable stochastic error terms in the classical normal linear regression model (CNLRM)? Using your own words please explain the meaning of each and why are these assumptions made? [10 Marks]
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