What is the main use of a Durbin Watson Statistic, due to which the Black Belt should select it in regression models?
OPTIONS
- Checks how well the data can be predicted
- Checks the accuracy of residuals
- Checks the fit of residuals
- Checks the presence of auto-correlation between residuals
ANSWER
Checks the presence of auto-correlation between residuals
EXPLANATION
Durbin Watson statistic checks for auto correlation.