The Federal Deposit Insurance Corporation FDIC releases data on bank
The Federal Deposit Insurance Corporation (FDIC) releases data on bank failures. Following are data on the number of U.S. bank failures in a given year and the total amount of bank deposits (in $ millions) involved in such failures for a given year. Use these data to develop a simple regression forecasting model that attempts to predict the failed bank assets involved in bank closings by the number of bank failures. Compute a Durbin-Watson statistic for this regression model and determine whether significant autocorrelation is present. Let α =.05.
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