If the Value of the Durbin-Watson Statistic D Is Large

question 42

Short Answer

If the value of the Durbin-Watson statistic d is large (d > 2),this indicates a(n)____________________ (positive/negative)first-order autocorrelation exists.

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Definitions:

Pollutants

Substances introduced into the environment that cause harm or discomfort to the ecosystem or living organisms.

Corrective Taxes

Taxes implemented to correct the market outcomes that are not efficient by internalizing external costs, often used in environmental policy to address pollution.

Regulations

Standards and rules formulated by governmental or nongovernmental organizations to govern conduct within certain spheres of activity.

Pollution Permits

Marketable permits allowing holders to emit a certain amount of pollution, used as a regulatory tool to control environmental impacts.