Which of the Following Is a Test for Serial Correlation

question 25

Multiple Choice

Which of the following is a test for serial correlation in the error terms?

• A)Johansen test
• B)Dickey Fuller test
• C)Durbin Watson test
• D)White test

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Definitions:

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at each possible price.

Determinants of Demand

Factors such as price, income, preferences, and tastes that affect the buyers' willingness and ability to purchase goods and services.

Constant

A value or parameter that does not change within the context of a specific mathematical equation or scientific experiment.

Downward Sloping

Describes a line on a graph that represents a decrease in one variable in response to an increase in another, commonly used in economics to depict demand curves.