In a sequence of 17 residuals, 11 positive and 6 negative, the number of runs was 3.

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In a sequence of 17 residuals, 11 positive and 6 negative, the number of runs was 3. Is there evidence of autocorrelation? Would the answer change if there were 14 runs?

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: Apr 30, 2018 06:59 AM

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In a sequence of 17 residuals, 11 positive and 6 negative, the number of runs was 3.

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Yes there is evidence ...View the full answer

Basic Econometrics

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