1060. An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as

independence of residuals
dependence of residuals
independence of correlation
dependence of residuals
✅ The correct answer is A.
An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as independence of residuals. These residual plots can be used to assess the quality of the regression.

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