If you suspect that your trend forecasting model may have autocorrelated forecast errors, which the following should you compute?
A) The MAD
B) The standard error of the estimate
C) The Durbin-Watson test statistic
D) The correlation coefficient

Question

Quizplus · Accepted Answer

The Durbin-Watson test statistic is specifically designed to detect the presence of autocorrelation in the residuals from a regression analysis, making it the appropriate choice for investigating autocorrelated forecast errors.

If You Suspect That Your Trend Forecasting Model May Have