The most common kind of autocorrelation is to start with-buy serial correlation, which could either be positive or unfavorable. Favourable serial correlation is exactly where a constructive mistake in one time period carries about into a favourable error for the next period.
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If ANY on the Xs can’t be 0, then the intercept doesn’t signify anything. Or instead, it’s just an anchor issue, nevertheless it’s in a roundabout way interpretable.
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