The Durbin-Watson Test for Serial Correlation with Extreme Sample Sizes or Many Regressors

Savin, N. E.; White, Kenneth J.

doi:10.2307/1914122

Cited by 409 publications

(222 citation statements)

References 11 publications

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“…DurbinWatson tests, however, indicated the presence of positive first-order serial correlation in the error terms (see Durbin & Watson, 1950;Durbin & Watson, 1951;Savin & White, 1977;King, 1981). This was not unexpected as error terms in regressions involving weather data tend to be positively serially correlated because weather data itself tends to be positively serially correlated (due to the fact that today's weather tends to look like yesterday's weather).…”

Section: Autoregressive (Ar) Models For Serial Correlationmentioning

confidence: 95%

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data¹

Flynn

Greenberg

2011

J Applied Social Pyschol

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Prior literature has found evidence that pleasant weather (namely, sunshine) leads to higher tipping rates, presumably because it improves the moods of either servers or patrons. However, studies examining the relationship between pleasant weather and tipping behavior have involved relatively small samples of participants and daily observations. In addition, only one such study (Cunningham, 1979) used actual weather data to examine this relationship. We address these shortcomings by testing empirically the weather–tipping relationship on 2 years of actual sales data from a busy restaurant. We found no statistically significant relationship between sunshine and tipping. Tipping appears to be better explained as an institutional standard or norm, rather than as a prosocial behavior that can be modulated by weather‐induced changes in mood.

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Section: Autoregressive (Ar) Models For Serial Correlationmentioning

confidence: 95%

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data¹

Flynn

Greenberg

2011

J Applied Social Pyschol

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“…For example, the value obtained from Durbin-Watson's test (2.102) is close to a value of two. According to Savin and White [49] and David [50], a value close to two reflects the absence of autocorrelation in the residuals from the regression.…”

Section: Regression Analysismentioning

confidence: 99%

Environmental Performance in Countries Worldwide: Determinant Factors and Multivariate Analysis

et al. 2014

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Abstract:The aim of this study is to analyze the environmental performance of countries and the variables that can influence it. At the same time, we performed a multivariate analysis using the HJ-biplot, an exploratory method that looks for hidden patterns in the data, obtained from the usual singular value decomposition (SVD) of the data matrix, to contextualize the countries grouped by geographical areas and the variables relating to environmental indicators included in the environmental performance index. The sample used comprises 149 countries of different geographic areas. The findings obtained from the empirical analysis emphasize that socioeconomic factors, such as economic wealth and education, as well as institutional factors represented by the style of public administration, in particular control of corruption, are determinant factors of environmental performance in the countries analyzed. In contrast, no effect on environmental performance was found for factors relating to the internal characteristics of a country or political factors.

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“…The weighted value of the particular model, 1.6 and 1.59, lies between the critical value from 1.60 to 1.86 for model 1 and 1.56 to 1.90 for model 2 along the corresponding test statistic (see e.g. SAVIN/WHITE, 1977, 1989-1996. 7 Even the charts of the residuals for each country illustrate this fact (see appendix figure A.1 and A.2).…”

Section: Empirical Analysismentioning

confidence: 99%

Financial System and Innovations: Determinants of Early Stage Venture Capital in Europe

Schröder

2010

Financial Market Integration and Growth

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis paper highlights the role of financial development in producing innovative products and services. The Venture Capitalists (VCs) plays a crucial role for the realization of product innovation and service innovation. Especially young entrepreneurs face the problem of financial constraints if starting their business and risk capital often is the only option for financing innovative projects. However, the level of early stage venture capital (VC) investments across European countries differs profoundly. Here a panel analysis is employed to identify if technical and innovative opportunities as well as the entrepreneurial environment influence early stage venture capital investments. In addition the role of the financial system to generate or attract early stage VC is emphasized. The empirical analysis covers 15 European countries for the period from 1995 to 2005. The results show that technical and innovation opportunities and the entrepreneurial environment influence the level of early stage risk capital. With respect to the financial system the analysis reveals that a bank based system has a negative impact on the relative amount of early stage VC investments while a market based system generates risk capital for young entrepreneurs. Venture capital and debt provided by banks is found not to be complements but rather substitutes. JEL: G23

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The Durbin-Watson Test for Serial Correlation with Extreme Sample Sizes or Many Regressors

Cited by 409 publications

References 11 publications

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data¹

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data¹

Environmental Performance in Countries Worldwide: Determinant Factors and Multivariate Analysis

Financial System and Innovations: Determinants of Early Stage Venture Capital in Europe

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The Durbin-Watson Test for Serial Correlation with Extreme Sample Sizes or Many Regressors

Cited by 409 publications

References 11 publications

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data1

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data1

Environmental Performance in Countries Worldwide: Determinant Factors and Multivariate Analysis

Financial System and Innovations: Determinants of Early Stage Venture Capital in Europe

Contact Info

Product

Resources

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Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data¹

Does Weather Actually Affect Tipping? An Empirical Analysis of Time‐Series Data¹