Jim Royo,manager of Billings Building Supply (BBS),wants to develop a model to forecast BBS's monthly sales (in $1,000's).He selects the dollar value of residential building permits (in $10,000)as the predictor variable.An analysis of the data yielded the following tables. Jim's calculated value for the Durbin-Watson statistic is 1.14. Using $\alpha$ = 0.05,the appropriate decision is: _________. A) do not reject H₀: $\rho$ = 0 B) reject H₀: $\rho$ = 0 C) do not reject H₀: $\rho$ $\neq$ 0 D) the test is inconclusive E) reject H₀: $\rho$ ≠ 0

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The Answer of Jim Royo,manager of Billings Building Supply (BBS),wants to develop a model to forecast BBS's monthly sales (in $1,000's).He selects the dollar value of residential building permits (in $10,000)as the predictor variable.An analysis of the data yielded the following tables. Jim's calculated value for the Durbin-Watson statistic is 1.14. Using $\alpha$ = 0.05,the appropriate decision is: _________. A) do not reject H₀: $\rho$ = 0 B) reject H₀: $\rho$ = 0 C) do not reject H₀: $\rho$ $\neq$ 0 D) the test is inconclusive E) reject H₀: $\rho$ ≠ 0

Jim Royo,manager of Billings Building Supply (BBS),wants to Develop a Model