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Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
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Durbin-Watson Test
A statistical method designed to identify the existence of autocorrelation with a single lag in the residuals resulting from a regression study.
Positive Autocorrelation
A statistical property of a series indicating that values close together in time are positively correlated and tend to move in the same direction.
Durbin-Watson Statistic
A statistical measure employed to identify autocorrelation within the residuals of a regression analysis.
Independence of Errors
An assumption in statistical models indicating that the error terms are not correlated with each other.
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