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Basic Question 5 of 8
Normality means: I. the dependent variable must be normally distributed.
II. the independent variable must be normally distributed.
III. the residuals must be normally distributed.
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Edward Liu
Learning Outcome Statements
explain the assumptions underlying a multiple linear regression model and interpret residual plots indicating potential violations of these assumptions.
CFA® 2025 Level II Curriculum, Volume 1, Module 1.