State if the following is True or false and grovide a brief explanation for your answer. Consider Population model Y = 30 + 311(1 + 32X; + 33X3 + a. Now consider the foilowing statements a to c. Assumption MLR 1 4 is satised if and only if: a. Xghas no effect on Y after X1 82 X2 have been controlled for which means [33 = 0 11x; may or maynot be correlated with X1 8: X2 . All that matters is that X1 8: X2 are controlled for X3 has no effect on Y. c. Given that [33 = 0 we are inclined to estimate the equation to include X3. Serial correlation (also called Autocorrelation) is where error terms in a time series transfer from one period to the same period