One Commonly Used Test in Checking for the Presence of Autocorrelation

question 25

Multiple Choice

One commonly used test in checking for the presence of autocorrelation when working with time series data is the ____.

• A) F-test
• B) Durbin-Watson test
• C) t-test
• D) z-test
• E) none of the above

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Definitions:

Population Parameter

A numerical value that describes a characteristic of the entire population.

Confidence Interval

A range of data points, collected from sample observations, considered to contain the value of an unseen population variable.

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.

Mean Fill Volume

The average volume of a container or product, typically used in the context of manufacturing or packaging to ensure consistency.