Serial correlation - The Durbin-Watson test

This video explains the intuition behind the Durbin-Watson test of serial correlation, and compares it with the t test introduced in the previous video. The pros and cons of the Durbin-Watson test are also discussed. Check out https://ben-lambert.com/econometrics-... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: https://ben-lambert.com/bayesian/ Accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1...