Related to the runs test,if you use a Z-statistic and you get a Z value greater than 2.0,this means that there is evidence of _____in the series
A) randomness
B) nonrandomness
C) nonnormality
D) heteroscedasticity

Question

Quizplus · Accepted Answer

A Z value greater than 2.0 indicates that the observed runs are farther away from the expected runs than would be expected by chance. This suggests that there is evidence of nonrandomness in the series.

Related to the Runs Test,if You Use a Z-Statistic and You