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TABLE 12-13
According to an article in Marketing News, fewer checks are being written at grocery store checkout stands than in the past. To determine whether there is a difference in the proportion of shoppers who pay by check among three consecutive years at a 0.05 level of significance, the results of a survey of 500 shoppers in three consecutive years are obtained and presented below.
-Referring to Table 12-13, what are the degrees of freedom of the test statistic?
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.
Hypotheses Testing
A method in statistics that applies data from a subset to assess assumptions about a broader population's characteristic.
Durbin-Watson Test
A statistical procedure aimed at discovering the presence of autocorrelation at the first lag within the residuals of a regression analysis.
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