Which Statistical Test Is Commonly Employed to Detect Autocorrelation

question 3

Multiple Choice

Which statistical test is commonly employed to detect autocorrelation?

• A) Cook's D
• B) Durbin-Watson
• C) Hausman
• D) Huber-White

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Definitions:

Training Benefits

Advantages gained from training, such as improved performance, higher productivity, and reduced errors.

Human Resource

The department within an organization responsible for hiring, managing, and developing employees.

Utility

The total satisfaction received from consuming a good or service, often considered in economic and decision-making contexts.

SDy

A statistical measure in utility theory that estimates the difference in performance between an average and top performer in dollar terms, often used in human resources analytics.