Consider the residuals from regressing the daily closing value of the S&P 500 against daily volume of shares traded: CLOSE, Bo + B₁ VOLUME+m - 012001 01 apr2001 wall Positive autocorrelation Negative autocorrelation No autocorrelation oply 01/2001 Da These residuals appear to be characterized by 0102001 Ojan200

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Consider the residuals from regressing the daily closing value of the S&P 500 against daily volume
of shares traded:
CLOSE, Bo + B₁VOLUME + u
=
spe
&
-100
02001
Ja
01apr2001
012001
Da
These residuals appear to be characterized by
Positive autocorrelation
Negative autocorrelation
paraply
No autocorrelation.
01002001
01j200
Transcribed Image Text:Consider the residuals from regressing the daily closing value of the S&P 500 against daily volume of shares traded: CLOSE, Bo + B₁VOLUME + u = spe & -100 02001 Ja 01apr2001 012001 Da These residuals appear to be characterized by Positive autocorrelation Negative autocorrelation paraply No autocorrelation. 01002001 01j200
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