. The Durbin-Watson (DW) test is applied to the following regression, Y = a + B₁X₁ + B₂X₂ + B3X3 + ε There are a total of 80 data points and the DW test statistic takes a value of 1.46. What is the appropriate conclusion at the 5 percent significance level? a) Residuals appear to be positively autocorrelated b) Residuals appear to be negatively autocorrelated c) Residuals appear not to be autocorrelated d) The test result is inconclusive

. The Durbin-Watson (DW) test is applied to the following regression, Y = a + B₁X₁ + B₂X₂ + B3X3 + ε There are a total of 80 data points and the DW test statistic takes a value of 1.46. What is the appropriate conclusion at the 5 percent significance level? a) Residuals appear to be positively autocorrelated b) Residuals appear to be negatively autocorrelated c) Residuals appear not to be autocorrelated d) The test result is inconclusive

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 4E

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