Question: 1. What is autocorrelation and why does it pose a problem in regression analysis? 2. What statistic is commonly used to measure autocorrelation? 3. Name

1. What is autocorrelation and why does it pose a problem in regression analysis?
2. What statistic is commonly used to measure autocorrelation?
3. Name and describe two methods by which you can overcome the autocorrelation problem.
4. Autocorrelation can be a problem in trend analysis. What about autoregression: what does it do? Is it a problem or a solution?

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Autocorrelation refers to the correlation of a variable with itself over different time periods In other words it measures the degree of similarity be... View full answer

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