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The residuals for 10 consecutive time periods are given in the following table. Time Period Residual 1 2 3 4 5 6 7 8
The residuals for 10 consecutive time periods are given in the following table. Time Period Residual 1 2 3 4 5 6 7 8 9 10 +10 +8 +6 +4 +2 -2 -4 -6 -8 -10 a. Plot the residuals over time. What conclusion can you reach about the pattern of the residuals over time? b. Based on (a), what conclusion can you reach about the autocorrelation of the residuals? a. Plot the residuals over time. Choose the correct graph below. O A. 10- B. 10- -10 0 G 10 Time Period 0- -10+ G 10 Time Period What conclusion can you reach about the pattern of the residuals over time? OA. No linear relationship exists. OB. An increasing linear relationship exists. OC. A decreasing linear relationship exists. b. Based on (a), what conclusion can you reach about the autocorrelation of the residuals? OA. There appears to be a strong negative autocorrelation among the residuals. B. There does not appear to be an autocorrelation among the residuals. C. There appears to be a strong positive autocorrelation among the residuals. C. 10- Residuals -10+ G 0 10 Time Period O D. Residuals 10- Q 0- -10- 10 Time Period
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