The Durbin-Watson Statistic Is Used to Detect _____________

question 145

Multiple Choice

The Durbin-Watson statistic is used to detect _____________.

• A)First-order autocorrelation
• B)Exponential smoothing
• C)Multiplicative decomposing
• D)Irregular variation

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Definitions:

General Ledger

A comprehensive record of all financial transactions that occur within a company, serving as the primary source for preparing financial statements.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the general ledger.

Income Statement Columns

The structure within an income statement that divides financial information into columns, typically including amounts for the current period, budgeted figures, and variances.

Net Income

The net profit of a company calculated after expenses and tax deductions from its total revenue.