Answer the next two questions using the following information. The managing part

Question

Answer the next two questions using the following information. The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses regression analysts to analyze the last 4 years of quarterly data, with company's sales and the dependent variable, and industry sales as the only independent variable. The partner also wants to test for the presence of any type of autocorrelation using in Durbin-Watson statistic. The observed value of the Durbin Watson Statistic is d = 2.38. Using a level of significance of 0.05, the critical values of the test are d_L = ___, and d_U = ___ a) 1.10; 1.37 b) 1.08; 1.36 c. 0.98; 1.24 d) 0.95; 1.23

Explanation / Answer

fro Durbin watson significance table at n=16 (cause for 4 years number of quarters =16) dL=1.10

and dU =1.37

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.