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Suppose an economist has developed a model for forecasting annual consumption, y, as function of total labor income, x1t, and total property income, x2/ based

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Suppose an economist has developed a model for forecasting annual consumption, y, as function of total labor income, x1t, and total property income, x2/ based on 20 years on annual data. The following regression model has been developed: y- 7.81 + 0.91x1t + 0.57x2t with the standard error = 1.29 and the Durbin-Watson d statistic = 2.09. Using an alpha = .05, which of the following is the correct critical value for testing whether the residuals are autocorrelated? 1.10 and 1.54 1.20 and 1.41 1.08 and 1.53

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