A measure of first-order autocorrelation; that is, of autocorrelation in time series where independent variables are not lagged.
The Durbin-Watson statistic lies in the range 0-4. A value of 2 or nearly 2 indicates that there is no first-order autocorrelation. An acceptable range is 1.50 - 2.50. Where successive error differences are small, Durbin-Watson is low (less than 1.50); this indicates the presence of positive autocorrelation. Positive autocorrelation is very common. Where successive error differences are large, Durbin-Watson is high (more than 2.50); this indicates the presence of negative autocorrelation. Negative autocorrelation is not particularly common.
If the Durbin-Watson statistic is greater than R square, it is likely that autocorrelation exists. Autocorrelation indicates that the forecast model could be improved on.
In time series with lagged variables, the Durbin-Watson statistic is unreliable as it tends toward a value of 2.0.
More terms such as Durbin-Watson in Dictionary D.
- Manual Data Transfer (FI-LC):
- Help individual financial statement data into the Consolidation system, and the transmission of consolidation data to other systems. A data transfer method is specified for each company before data is durbin-watson definition.
- Manual Drug Category:
- Help a drug is a standard drug, an infusion, a nutritional solution etc.. You can use the drug category to control which screen area should be available in the order for entering specially required data durbin-watson explain.
- Manual Developer Trace:
- Help tool in the SAP System. Developer traces are particularly useful for investigating host and R/3-internal problems in your R/3 System. The Disp work process indicates that you cannot create work durbin-watson what is.
- Manual Dialog Wage Type:
- Help The primary wage types that are entered for an employee when master data is maintained. Example Wage type Christmas bonus durbin-watson meaning.
- Manual Dunning Variant:
- Help settings that determines how open items are grouped together in dunning groups, and how many dunning notices can exist simultaneously for a contract account/an insurance object. Dunning variants are durbin-watson abbreviation.
