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Durbin Watson Test Explained | Detect Autocorrelation Easily #Econometrics #Statistics #DWTest
Let’s discuss the Durbin-Watson Test — one of the most essential tests in Econometrics for detecting autocorrelation in regression residuals. 📈 In this short video, you’ll learn the concept, formula, interpretation, and rule of thumb for the Durbin-Watson statistic. Perfect for students preparing for ISI, IIT JAM, IES, and other ...
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