How do we determine and use the critical values in deciding

Reference no: EM133425758

Question 1: What is autocorrelation? What are the consequences of pure autocorrelation for multiple regression models estimated by OLS? Use an example to illustrate your answer.

Question 2: Describe the steps involved in obtaining a Durbin Watson test statistic for the detection of autocorrelation by hand from a time series OLS regression model. What conditions need to be met in order to perform the test? How do we determine and use the critical values in deciding whether signi?cant autocorrelation is present? Use an example to illustrate your answer.

Reference no: EM133425758

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