(Situation M) Fast Food Chains Are Closely Watching What Proposed

question 18

Multiple Choice

(Situation M) Fast food chains are closely watching what proposed legislation will do to consumption of "huge meals" in the United States. Researchers have accumulated statistics on the annual consumption of "huge for the past 25 years. The goal of the analysis is to use the past data to predict future consumption and then compare the predicted consumption to the actual consumption in those years.
-To test for first-order autocorrelation, we use the _______ test.

• A) Paasche
• B) Laspeyres
• C) Durbin-Watson
• D) Wilcoxon

---

Definitions:

18th Amendment

An amendment to the United States Constitution that established the prohibition of alcohol, making the production, transport, and sale of alcohol illegal from 1920 until its repeal in 1933.

14th Amendment

An amendment to the US Constitution that grants citizenship to all persons born or naturalized in the United States and prohibits states from denying any person life, liberty, or property without due process of law.

Due Process

A constitutional guarantee that prevents governments from impacting citizens in an unfair, arbitrary, or unreasonable manner, ensuring fair treatment through the normal judicial system.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize practices across states.