Observations of variables y, x1, and x2 were taken over 100 consecutive time periods. a. Conduct a regression analysis of these data. b. Plot the residuals versus the time periods. Describe the graph....

Observations of variables y, x1, and x2 were taken over 100 consecutive time periods.

a. Conduct a regression analysis of these data.

b. Plot the residuals versus the time periods. Describe the graph.

c. Perform the Durbin-Watson test. Is there evidence of autocorrelation? Use α = .10.

d. If autocorrelation was detected in Part c, propose an alternative regression model to remedy the problem. Use the computer to generate the statistics associated with this model.

e. Redo Parts b and c. Compare the two models.