The data shown here, from the Investment Company Institute, show that the equity fund assets of mutual

Question:

The data shown here, from the Investment Company Institute, show that the equity fund assets of have been growing since 1981. At the same time, money market funds have been increasing since 1980.

Use these data to develop a regression model to forecast the equity fund assets by money market funds. All figures are given in billion-dollar units. Conduct a Durbin-Watson test on the data and the regression model to determine whether significant autocorrelation is present. Let a =.01.

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...