Truefalse questions the durbin-watson dw statistic is, Business Economics

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Truefalse questions the durbin-watson dw statistic is

True/False questions:

*The Durbin-Watson (DW) statistic is used to detect first order-serial correlation.

*Positive lag 1 residual autocorrelation is associated with DW values greater than 2.

*Autocorrelation exists when successive observations over time are related to one another.

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