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Durbin-watson table

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John Martin has done research on the relationship between returns on the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE) determine if there is any first order serial correlation between market close in Tokyo and the market open in New York. Looking at 3 years of quarterly data (n=12) Martin has found that the Durbin-Watson statistic for these two series equaled 1.435. Based on this, and using the Durbin-Watson table, what can you conclude?

Reference no: EM132388382

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