weekly commodity prices for heating oil (in cents) were obtained for a period of

Question

weekly commodity prices for heating oil (in cents) were obtained for a period of 30 weeks and regressed against time based on the regression output shown below, what does the Durbin-Waston statistic indicate

The regression equaton is Price (cents)= 128+1.08 Time

Predictor Coef SE Coef T P

Constant 128.112 2.092 61.25 0.000

Time 1.0782 .1407 7.66 0.000

s=5.07299 R-Sq= 71.9%

Durbin-Watson Statistic= 0.244822

A) the risiduals are positively auto-correlated

B) the test is inconclusive

C)the risiduals are negatively auto-correlated

D) the risiduals are not auto-correlated

E) None of the above, the durbin watson model can not be used for this model

Explanation / Answer

B) the test is inconclusive

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