Which one of the following is correct regarding the Pearson product-moment correlation and serial correlations regarding the value of a variable?
Multiple Choice
For the Pearson product-moment correlation, the value would be in the range of 0 to 1, but when positive serial correlation exists the Durbin-Watson statistic approaches 1.
For the Pearson product-moment correlation, the value would be in the range of -1 to +1, but when positive serial correlation exists the Durbin-Watson statistic approaches 1.
For the Pearson product-moment correlation, the value would be in the range of 0 to 1, but when positive serial correlation exists the Durbin-Watson statistic approaches -1.
For the Pearson product-moment correlation, the value would be in the range of -1 to +1, but when positive serial correlation exists the Durbin-Watson statistic approaches 0.
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