An economist conducts research on the relationship between household spending and income. She collects data on 60

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An economist conducts research on the relationship between household spending and income. She collects data on 60 households’ spending and income during 1986. After using regression analysis, she obtains the following results:image text in transcribed

The researcher claims that there is a serial correlation problem because of the low DW statistic. Do you believe this conclusion is correct?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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