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A Regression Model Was Estimated to Describe the Trend in Closing

Question 6

Multiple Choice

A regression model was estimated to describe the trend in closing stock prices over 8 months.The Durbin Watson statistic was calculated as 0.5626.Using α = .01 we can conclude that there is evidence of ________________________ .


A) positive autocorrelation
B) negative autocorrelation
C) positive or negative autocorrelation
D) an outlier
E) an inconclusive test

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