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John has collected the following information on the amount

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 3.8 for the Durbin-Watson statistic.

b) A value of 2.1 for the Durbin-Watson statistic.

c) A value of 0.12 for the Durbin-Watson statistic.

d) Both A and C are correct.

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Basic Statistics: John has collected the following information on the amount

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