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Basic Question 2 of 6
The presence of serially correlated errors can indicate that
II. an incorrect functional form has been estimated.
III. an important explanatory variable has been omitted.
I. something systematic has been omitted from the model.
II. an incorrect functional form has been estimated.
III. an important explanatory variable has been omitted.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain serial correlation and how it affects statistical inference;
CFA® 2025 Level II Curriculum, Volume 1, Module 3.