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Which of the following is a test for autocorrelation? a. QQ test b. Prais-Winsten c. Durbin-Watson d. Shapiro-Wilk

Answers

Answer 1
Answer:

Answer:

B is the answer

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Answer 2
Answer:

Final answer:

The test for autocorrelation is the Durbin-Watson test.

Explanation:

The test for autocorrelation is used to determine whether there is a correlation between the residuals of a regression model and their lagged values. One commonly used test for autocorrelation is the Durbin-Watson test. This test provides a test statistic that ranges from 0 to 4, with values close to 2 indicating no autocorrelation.

The Durbin-Watson test works by comparing the differences between adjacent residuals to the overall variability of the residuals. If the differences between adjacent residuals are consistently positive or negative, it suggests the presence of autocorrelation.

Other tests, such as the QQ test and the Shapiro-Wilk test, are not specifically designed to test for autocorrelation. The QQ test is used to assess the normality of residuals, while the Shapiro-Wilk test is used to test the assumption of normality in a dataset.

Learn more about test for autocorrelation here:

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if for a certain market the quantity demanded is 200 units and the quantity supplied is 250 units. Then, there is:

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Answer: excess supply in this market
There is a surplus, as you can see, the quantity supplied is more than the quantity demanded.

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Answers

Answer: John is frictionally unemployed, and Curtis is structurally unemployed.

Explanation:

John is frictionally unemployed because he is in the process of moving from one job to another and there is a high possibility he would secure his desired job, while Curtis is structurally unemployed because of the general unavailability of accounting jobs.

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Answer:

Creation of radical innovation.

Explanation:

Radical innovation is one that changes the system and way of doing things and introduces a new framework of work. It tends to create new markets for products. A popular example is Netflix with their video streaming service changed the industry and put Blockbuster out of business.

Incremental innovation on the other hand adds to the already existing way of doing things.

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Answer:

6

Explanation:

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Financial literacy is the knowledge about money.

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Being financially literate is not only knowing how to stay within budget but also knowing how to invest the money at hand for it to earn more. 

Financial literacy is the knowledge about B) money.
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