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Annie's Attic reported the following data:
Instructions: (1) Calculate the days' sales in inventory for each year, rounded to the nearest full day. (2) Comment on the trend in inventory management.
Durbin-Watson Statistic
A measure used in statistics to find out whether autocorrelation at lag one occurs in the residuals after performing a regression analysis.
First-Order Autocorrelation
The correlation of a signal with a delayed version of itself, particularly measuring the correlation between values that are one time period apart.
First-Order Autocorrelation
The correlation between values in a time series and the values immediately preceding them.
Durbin-Watson Statistic
A measure used to detect the presence of autocorrelation in the residuals from a regression analysis.
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