Multiple Choice
The Durbin-Watson statistic for a regression model of weekly commodity prices for heating oil (cents) against time was found to be 0.244822.This value indicates that the ________________________ .
A) residuals are positively autocorrelated
B) residuals are negatively autocorrelated
C) residuals are not autocorrelated
D) test is inconclusive
E) none of the above; the Durbin Watson cannot be used for this model
Correct Answer:
Verified
Correct Answer:
Verified
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