Put in econometric terms, it is a textbook example of heteroscedasticity, in which deviations from the projected value are not uniform through the sample.
I wonder how the mainstream econometric economist comments this data: That heteroscedasticity has suddenly soared?— Libertarian Blog Place
ProudCapitalist: I wonder how the mainstream econometric economist comments this data: That heteroscedasticity has su ... jb1122: Current: Robert Murphy refuted this piece in november, do a blog search for it. ...— Libertarian Blog Place
The procedure does not just correct for heteroscedasticity.— RealClimate
However, they fail to reject the null of no correlation (or heteroscedasticity) within countries.— RealClimate

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