Economics · Econometrics - Autocorrelation
Which of the following statements regarding autocorrelation are correct? 1. If the observed relationship among the regression residuals exhibits a systematic non-random pattern, autocorrelation exists. 2. Autocorrelation can exist in both cross-sectional and time series data. 3. The Durbin-Watson test is a common test used to detect autocorrelation. 4. The Durbin-Watson test produces a test statistic that ranges from 0 to 4.
- 11, 2, 3 and 4✓
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2, 3 and 4
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