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To fix Multicollinearity:
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To detect autocorrelation
There is no remedy for Autocorrelation. Instead of linear regression, we can use
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Ordinary least squares, or linear least squares, estimates the parameters in a regression model by minimizing the sum of the squared residuals.
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In order to prevent Heteroscedasticity, we need to
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If the pattern doesn't looks like a Straight Line, then we need to apply
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OLS Assumptions are the Conditions that we need to consider them before performing Regression Analysis.
Some OLS Assumptions are:
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These are some of the Assumptions to be pondered while Applying Ordinary Least Square Method and Performing Regression Analysis.
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Polynomial regression is a unique case of linear regression:
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To detect autocorrelation
There is no remedy for Autocorrelation. Instead of linear regression, we can use
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