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When the assumption of ________ residuals (error terms) is violated, the Durbin-Watson statistic is used to test to determine if there is significant ________ among the residuals.
Primary Market
The market in which financial institutions aid in the sale of new securities.
New Issues
Refers to securities that are being offered to the public for the first time, such as through an initial public offering (IPO).
Stock
A type of financial security that denotes ownership in a corporation and represents a claim on part of the company's assets and earnings.
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