In a multiple regression analysis containing five explanatory variables plus a constant with 50 data points, suppose that the errors are serially correlated and test is applied to the regression to investigate this issue

Subject:MathPrice:2.87 Bought7

Share With

In a multiple regression analysis containing five explanatory variables plus a constant with 50 data points, suppose that the errors are serially correlated and test is applied to the regression to investigate this issue. The test statistic takes a value of 1.52 with 5 % significance level.

Identify the problem that the researcher may face?

What is the appropriate test and conclusion when the researcher test this issue? (State the hypothesis tests, all critical values, test statistics and conclusion)