[Solution] Explain the assumptions of (a) No Multicollinearity (b) Homoscedasticity and (c) Error normality, and provide empirical evidence for whether


Question: Explain the assumptions of (a) No Multicollinearity (b) Homoscedasticity and (c) Error normality, and provide empirical evidence for whether or not they were violated in your regression model, and if so- how they could be corrected . Please fully interpret all relevant graphs and statistics.

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