The U.S. Department of Labor publishes consumer price indexes (CPIs) on many commodities. Following are the percentage
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The U.S. Department of Labor publishes consumer price indexes (CPIs) on many commodities. Following are the percentage changes in the CPIs for food and for shelter for the years 1980 through 2008. Use these data to develop a linear regression model to forecast the percentage change in food CPIs by the percentage change in housing CPIs. Compute a Durbin-Watson statistic to determine whether significant autocorrelation is present in the model.
Let a =.05.
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Regression Analysis The regression equation is Food 1454756 0460811 Housing Predictor Coef t ratio p ...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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