The Federal Deposit Insurance Corporation (FDIC) releases data on bank failures. Following are data

The Federal Deposit Insurance Corporation (FDIC) releases data on bank failures. Following are data onthe number of U.S. bank failures in a given year and the total amount of bank deposits (in $ millions)involved in such failures for a given year. Use these data to develop a simple regression forecastingmodel that attempts to predict the failed bank assets involved in bank closings by the number of bankfailures. Compute a Durbin-Watson statistic for this regression model and determine whethersignificant autocorrelation is present. Let ? = .05.Year Failures 123456789101112131415161718 1173445791181442012212061591081004211651 Failed Bank Assets8,1891041,8624,13736,3943,0347,6097,53856,62028,50710,73943,55216,9152,58882575318627 The regression equation is: Failed Bank Assets = _____ + ______ **Number of Failures D=**Critical values of D: Using k = 1, n = 18, and ? = .05,dL =** and dU =**Since D =** is(above or below)dU , the decision is(reject or fail to reject null hypothesis) . There(is or is not)significant autocorrelation.

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