When Applying the Runs Test for Randomness Above and Below

question 17

Essay

When applying the runs test for randomness above and below the median for 12 dollar/Euro exchange rate highs, the test statistic is G = 2. What does that value tell us about the data?

---

Definitions:

Wall Outlet

An electrical device installed in a wall that provides a point for electrical power access.

Content Aggregator Site

A website that collects and curates content from various sources on the Internet, often for a specific topic or niche.

Website

A collection of related web pages, including multimedia content, typically identified with a common domain name and published on at least one web server.

Travel-Related Information

Data or details pertaining to journey planning, destinations, accommodations, and other aspects relevant to traveling.