Linear Modelingmedium
0:00.0
A time-series analyst fits a linear model and finds that the residuals exhibit positive first-order autocorrelation (i.e., ). If standard OLS formulas are used, what is the consequence for the estimated standard errors of the coefficients?
A time-series analyst fits a linear model and finds that the residuals exhibit positive first-order autocorrelation (i.e., ). If standard OLS formulas are used, what is the consequence for the estimated standard errors of the coefficients?