Use a runs test and calculate auto relations to decide whether the random series explained in each
Question:
a. A series of independent normally distributed values, each with mean 70 and standard deviation 5.
b. A series where the first value is normally distributed with mean 70 and standard deviation 5, and each succeeding value is normally distributed with mean equal to the previous value and standard deviation 5.
c. A series where the first value, Y1, is normally distributed with mean 70 and standard deviation
5, and each succeeding value, Yt, is normally distributed with mean (1 + at)Yt - 1 and standard deviation 5(1 + at), where the at values are independent and normally distributed with mean 0 and standard deviation 0.2.
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Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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