What is the Durbin-Watson statistic used for?
Welcome!
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.
This question has been flagged
2
Replies
188
Views
The Durbin-Watson statistic is used to detect the presence of autocorrelation in the residuals of a regression model, particularly in time series data. Autocorrelation refers to the correlation of a variable with its own past values, and it can undermine the validity of statistical inferences in a regression model if present.
The Durbin-Watson statistic tests for the presence of autocorrelation in the residuals from a regression analysis.