The Durbin-Watson Statistic for a Regression Model of Weekly Commodity

question 92

Multiple Choice

The Durbin-Watson statistic for a regression model of weekly commodity prices for heating oil (cents) against time was found to be 0.244822.This value indicates that the ________________________ .

• A)residuals are positively autocorrelated
• B)residuals are negatively autocorrelated
• C)residuals are not autocorrelated
• D)test is inconclusive
• E)none of the above; the Durbin Watson cannot be used for this model

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