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iid is an acronym for independent and identically distributed. Many statistical methods assume that the data are iid; that is, that each observation comes from the same distribution and is independent of other observations.

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Why is it valid to detrend time series with regression?

It may be a weird question at all but as a novice to the subject I am wondering why do we use regression to detrend a time series if one of the regression's assumption is the data should i.i.d. while …
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