Question 24 6.67 pts Suppose we decide to use an autoregressive model to estimate the...
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Question 24 6.67 pts Suppose we decide to use an autoregressive model to estimate the sales of Home Depot with quarterly data from10 2001 to 40 2020: (In Sales: - In Salest-1) = bo + b (In Sales-1 - In Sales -2) + e. Suppose the Durbin Watson statistic in the regression output is 1.8747. Based on the value of the Durbin-Watson statistic, what can you say about the serial correlation between the regression residuals? The Durbin-Watson tests are not valid in the AR(1) regression model. The regression residuals are positively correlated. The regression residuals are negatively correlated. The regression residuals are not correlated
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