Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Do the following. 1. 2. 3. 4. Table 2 Cosmetic Sales Data for Exercise 3.12 t 1 2 3 4 Xt 5.00 5.06 5.12
Do the following. 1. 2. 3. 4. Table 2 Cosmetic Sales Data for Exercise 3.12 t 1 2 3 4 Xt 5.00 5.06 5.12 5.10 5 5.35 6 5.57 7 5.61 8 5.80 9 6.04 yt 0.318 0.330 0.356 0.334 0.386 0.455 0.460 0.527 0.598 Xt 6.16 6.22 6.31 10 11 12 13 6.38 14 6.54 6.68 6.73 15 16 17 6.89 18 6.97 yt 0.650 0.655 0.713 0.724 0.775 0.78 0.796 0.859 0.88 Fit a simple linear regression model to these data. Plot the residuals against time. State whether there is any indication of autocorrelation based on the plot. Use the Durbin-Watson test to determine if there is positive autocorrelation in the errors.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Answer 1 Fit a Simple Linear Regression Model to These Data The purpose of a simple linear regression model is to assess the relationship between two variables In this case the data consists of time t ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started