(Situation M) Fast food chains are closely watching what proposed legislation will do to consumption of "huge meals" in the United States. Researchers have accumulated statistics on the annual consumption of "huge for the past 25 years. The goal of the analysis is to use the past data to predict future consumption and then compare the predicted consumption to the actual consumption in those years.
-To test for first-order autocorrelation, we use the _______ test.
A) Paasche
B) Laspeyres
C) Durbin-Watson
D) Wilcoxon

Question

Quizplus · Accepted Answer

The Durbin-Watson test is used to detect the presence of first-order autocorrelation in the residuals of a regression analysis.

(Situation M) Fast Food Chains Are Closely Watching What Proposed