Given below are the Canadian Industrial Product Price Index and the Consumer Price Index (CPI) for the
Question:
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.
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Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 All-Items CPI 92.9 95.4 97.8 100.0 102.8 104.7 107.0 109.1 111.5 114.1 114.4 116.5 119.9 121.7 122.8 125.2 126.6 128.4 130.4 133.4 Industrial Product Price Index 86.3 90.0 90.9 90.9 89.8 92.7 94.2 96.4 97.9 102.1 98.5 100.0 107.0 108.1 108.6 111.3 110.3 110.1 113.6 117.9
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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