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Which of the following is NOT a good reason for including lagged variables in a regression? a. The residuals of the model appear to be

Which of the following is NOT a good reason for including lagged variables in a regression?

a. The residuals of the model appear to be non-normal

b. Over-reactions of the dependent variables

c. The dependent variable is a centred moving average of the past 4 values of the series

d. Slow response of the dependent variable to changes in the independent variables

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