Weekly Commodity Prices for Heating Oil (In Cents) Were Obtained $=128+1.08$

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, the
Durbin-Watson statistic indicates The regression equation is
Price (cents) $=128+1.08$ Time

$\begin{array}{lrrrr}\text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 128.112 & 2.092 & 61.25 & 0.000 \\ \text { Time } & 1.0782 & 0.1407 & 7.66 & 0.000\end{array}$

$\mathrm{S}=5.07299 \quad \mathrm{R}-\mathrm{Sq}=71.9 \%$

Durbin-Watson statistic $=0.244822$

A) that the residuals are positively autocorrelated.
B) that the residuals are negatively autocorrelated.
C) that the residuals are not autocorrelated.
D) that the test is inconclusive.
E) none of the above; the Durbin Watson cannot be used for this model.