Question: 15.Based on 25 time-ordered observations from a simple regression, we have determined the Durbin-Watson statistic, d = 1.21. At = .05, test to determine if
15.Based on 25 time-ordered observations from a simple regression, we have determined the Durbin-Watson statistic,d= 1.21. At= .05, test to determine if there is any evidence of serial autocorrelation. State your conclusions.
Select one:
a)We need the original data to make a correct statistical decision.
b)No, there is no evidence of serial correlation at 5%.
c)The test is inconclusive at 5% level.
d)Yes, there is statistical evidence of serial correlation in the errors at 5%.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
