Other than producing and eyeballing a scatter diagram, is there a standard way to prove/discover that an independent variable is non-stochastic so that it complies with the assumptions of simple OLS?
Thank you,
Peter J.
Specialized on Data processing, Data management Implementation plan, Data Collection tools - electronic and paper base, Data cleaning specifications, Data extraction, Data transformation, Data load, Analytical Datasets, and Data analysis. BJ Data Tech Solutions teaches on design and developing Electronic Data Collection Tools using CSPro, and STATA commands for data manipulation. Setting up Data Management systems using modern data technologies such as Relational Databases, C#, PHP and Android.
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