Given below are the Canadian Industrial Product Price Index and the Consumer Price Index (CPI) for the

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Given below are the Canadian Industrial Product Price Index and the Consumer Price Index (CPI) for the years 1999 to 2018. Use these data to develop a simple regression forecasting model that attempts to predict CPI from Industrial Product Price Index. Compute a Durbin-Watson statistic for this regression model and determine whether significant autocorrelation is present. Let α = 0.05.image

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Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

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