The runs test uses a series of 0's and 1's.The 0's and 1's typically represent whether each observation is
A)above or below the predicted value of Y.
B)above or below the mean value of Y.
C)is above or below the mean value of the previous two observations.
D)is positive or negative.

Question

Quizplus · Accepted Answer

The runs test, particularly in the context of analyzing a series of 0's and 1's, is used to determine if the sequence is random or not. In this scenario, the 0's and 1's typically represent whether each observation is above or below the mean value of Y. This is a way to test for randomness or to detect patterns in the data that deviate from what would be expected in a random distribution of values.

The Runs Test Uses a Series of 0's and 1's