Asked by Megan Byers on Jul 09, 2024
Verified
The range of the values of the Durbin-Watson statistic d is:
A) −4 ≤d≤ 4
B) −2 ≤d≤ 2
C) 0 ≤d≤ 2
D) 0 ≤d≤ 4
Durbin-Watson Statistic
A quantitative method utilized for detecting autocorrelation in the residuals resulting from regression analysis.
- Identify the range of values for the Durbin-Watson statistic and their implications.
Verified Answer
MA
Marlene AbbottJul 15, 2024
Final Answer :
D
Explanation :
The Durbin-Watson statistic d is a test statistic used to detect the presence of autocorrelation at lag 1 in the residuals from a regression analysis. Its range is from 0 to 4, where a value of 2 indicates no autocorrelation, values approaching 0 indicate positive autocorrelation, and values approaching 4 indicate negative autocorrelation.
Learning Objectives
- Identify the range of values for the Durbin-Watson statistic and their implications.
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