Test for positive autocorrelation in the date

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Reference no: EM1398989

The following data show the daily closing prices (in dollars per share) for IBM for November 3, 2005 through December 1, 2005. Define the independent variable Period, where Period =1 corresponds to the data for Nov 1, Period = 2 corresponds to the data for November 4 and so on. Develop the estimated regression equation that can be used to predict the closing price given the value of Period At the .05 level of significance, test for any positive autocorrelation in the date.

Reference no: EM1398989

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