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Question

Jim Royo, manager of Billings Building Supply (BBS), wants to develop a model to forecast BBS's monthly sales (in $1,000's). He selects the dollar value of residential building permits (in $10,000) as the predictor variable. An analysis of the data yielded the following tables.

CoefficientsStandard Errort Statisticp-value
Intercept222.145674.7652.9712520.007284
x6.1528851.8954233.246180.003866


dfSSMSFp-value
Regression1259643.9259643.910.537680.004046
Residual20492791.324639.56
Total21752435.2


Jim's calculated value for the Durbin-Watson statistic is 1.14. Using a= 0.05, the appropriate decision is: _________.
a) do not reject H0: r= 0
b) reject H0: r= 0
c) do not reject H0: r 0
d) the test is inconclusive
e) reject H0: r 0

Answer

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