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Based on the following information, what is the balance of the current account? Exports of goods and services = $12 billion
Imports of goods and services = $14 billion
Net income on investments = -$4 billion
Net transfers = -$1 billion
Increase in foreign holdings of assets in Canada = $6 billion
Increase in Canadian holdings of assets in foreign countries = -$3 billion
Regression Output
The results of a regression analysis, typically including estimates of the intercept, slope coefficients, standard errors, and measures of model fit such as R-squared.
Null Hypothesis
A statement in hypothesis testing that suggests there is no significant difference or effect, serving as the default assumption to be tested against.
First-Order Autocorrelation
A statistical measure that tests the extent to which current values in a time series are correlated with their immediate preceding value, indicating a lag-1 autocorrelation.
Durbin-Watson Statistic
A quantitative method utilized for detecting autocorrelation in the residuals resulting from regression analysis.
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