State three limitations of the Durbin-Watson test.
Answer to relevant QuestionsFind the value of the Durbin-Watson statistic for the data of Example 11-5, and conduct the Durbin-Watson test. State your conclusion. The following data are monthly figures of factory production, in millions of units, from July 2004 through April 2007: 7.4, 6.8, 6.4, 6.6, 6.5, 6.0, 7.0, 6.7, 8.2, 7.8, 7.7, 7.3, 7.0, 7.1, 6.9, 7.3, 7.0, 6.7, 7.6, 7.2, 7.9, ...The following data are from the Treasury Bulletin, published by the U.S. Department of the Treasury. They represent total U.S. liabilities to foreigners for the years 2000 to 2006 in millions of dollars: Can you forecast ...The following data are a local newspaper’s readership figures, in thousands: Do a trend regression on the data, and forecast the total number of readers for 2008 and for 2009. The capacity of the fuel tank of the 2007 Volvo S40 is designed to be 12.625 gallons. The actual capacity of tanks produced is controlled using a control chart. The data of 9 random samples of size 5 each collected on 9 ...
Post your question