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Instructions: Please Define the Following Key Terms

question 68

Essay

Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
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Definitions:

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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