a) b) Durbin-Watson test is a procedure which is utilised to check whether the errors ('s) on a time series data are positively autocorrelated or not. Briefly explain the three conditions used to determine the significance of the test. Clearly state the conclusion on each condition. What is meant by saying the least squares estimators are BLUE and under what conditions are the least squares estimators BLUE?

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a)
b)
Durbin-Watson test is a procedure which is utilised to check whether the errors ('s) on a time
series data are positively autocorrelated or not. Briefly explain the three conditions used to
determine the significance of the test. Clearly state the conclusion on each condition.
What is meant by saying the least squares estimators are BLUE and under what conditions
are the least squares estimators BLUE?
Transcribed Image Text:a) b) Durbin-Watson test is a procedure which is utilised to check whether the errors ('s) on a time series data are positively autocorrelated or not. Briefly explain the three conditions used to determine the significance of the test. Clearly state the conclusion on each condition. What is meant by saying the least squares estimators are BLUE and under what conditions are the least squares estimators BLUE?
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