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A Low P-Value Indicates a Small Probability the Null Hypothesis

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A low p-value indicates a small probability the null hypothesis will not be rejected.


Definitions:

Durbin-Watson Statistic

A test statistic used to detect the presence of autocorrelation in the residuals from a regression analysis.

Critical Values

Critical values are specific points on the scale of a statistical distribution that are used to determine the threshold at which the null hypothesis of a test can be rejected.

Positive Autocorrelation

Occurs when a variable's current value is positively related to its past values in a time series.

Durbin-Watson Statistic

A statistical measure employed to identify if there is autocorrelation at the first lag within the residual values following a regression analysis.

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