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chapter fourteen

Autocorrelation: What Happens if Error Terms are Correlated?

McGraw-Hill/Irwin

Copyright 2006 The McGraw-Hill Companies, Inc. All rights reserved.

Figure 14-1

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Patterns of autocorrelation.

Figure 14-2

(a) Positive autocorrelation; (b) negative autocorrelation.

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Table 14-1
Indexes of real wages and productivity in the U.S. business sector, 1959-2002. (1992 = 100)

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Figure 14-3

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Residuals from the regression (14.4).

Table 14-2
Residuals and related data from the wagesproductivity regression.

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Figure 14-4

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Residuals et against et-1 from the regression (14.4).

Figure 14-5

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The Durbin-Watson d statistic.

Table 14-4
Wages-productivity regression: original and transformed data ( = 8713).

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Figure 14-6

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Residual from wages-productivity regression.

Figure 14-7

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Residuals against lagged residual from the wages-productivity regression.

Table 14-6
Data on stock price index and GDP, United States, 1970-1987.

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