The U.S. Department of Labor publishes consumer price indexes (CPIs) on many commodities. Following are the percentage
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The U.S. Department of Labor publishes consumer price indexes (CPIs) on many commodities. Following are the percentage changes in the CPIs for food and for shelter for the years 2001 through 2018. Use these data to develop a linear regression model to forecast the percentage change in food CPIs by the percentage change in shelter CPIs. Compute a Durbin-Watson statistic to determine whether significant autocorrelation is present in the model. Let α = .05.
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Business Statistics For Contemporary Decision Making
ISBN: 9781119607458
10th Edition
Authors: Ken Black
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