Question: The data shown here, from the OECD, show the inflows and outflows of foreign direct investments in Canada. Use these data to develop a regression
The data shown here, from the OECD, show the inflows and outflows of foreign direct investments in Canada. Use these data to develop a regression model to forecast the foreign inflows by foreign outflows. Conduct a Durbin-Watson test on the data and the regression model to determine whether significant autocorrelation is present. Let α = .01.
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Inflows US$ millions 25,693 60,298 116,809 61,520 22,733 28,399 39,667 43,118 69,371 59,008 43,853 35,992 24,826 42,231 Outflows US$ millions 27,540 46,215 64,621 79,236 39,660 34,721 52,144 55,875 57,364 60,273 67,467 69,948 79,802 49,593
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The following regression equation was obtained Foreign Inflows 1962289 0508373 Foreign Outflows Note ... View full answer
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