Weekly sales of a companys product (y) and those of its main competitor (x) were recorded for
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Weekly sales of a company’s product (y) and those of its main competitor (x) were recorded for one year.
a. Conduct a regression analysis of these data.
b. Plot the residuals versus the time periods. Does there appear to be autocorrelation?
c. Perform the Durbin-Watson test. Is there evidence of autocorrelation? Use α = .10.
d. If autocorrelation was detected in Part c, propose an alternative regression model to remedy the problem. Use the computer to generate the statistics associated with this model.
e. Redo Parts b and c. Compare the two models.
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Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
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