Q1: John has collected the following information on the amount of tips he has collected from parking cars the last
seven nights
Day Tips
1 18
2 22
3 17
4 18
5 28
6 20
7 12
What is the five-day moving average forecast for Day 8?
a) 19
b) 17
c) 12
d) None of the above
Q2: In trying to detect autocorrelation, autocorrelation may indeed be a problem if the regression results yield:
a) A value of 38 for the Durbin-Watson statistic
b) A value of 21 for the Durbin-Watson statistic
c) A value of 012 for the Durbin-Watson statistic
d) Both A and C are correct