The runs test uses a series of 0's and 1's.The 0's and 1's 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 uses 0's and 1's to indicate whether each observation is above or below the mean value of Y, which helps in testing the randomness of a sequence.

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