Use the data in CONSUMP.XLS and statistical software to run the following regression: (A) Plot the error
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Use the data in CONSUMP.XLS and statistical software to run the following regression:
(A) Plot the error terms over time. Do you suspect serial correlation? Explain.
(B) Plot the error terms against their lagged values. Do you suspect serial correlation? Explain.
(C) Perform a Durbin-Watson test. Show the five-step procedure.
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Gabriela Rosalía Castro
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Related Book For 
Essential Econometric Techniques A Guide To Concepts And Applications
ISBN: 9781032101217,9781000538588
3rd Edition
Authors: Elia Kacapyr
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