an explanation of the Durbin-Watson statistic, see J. Johnston,
Econometric Methods, New York: McGraw-Hill, 1972, pages
indicates an estimation procedure for correcting the problem
of first-order autocorrelation. For a general discussion of
the problem of autocorrelation, and the method used to forecast
in the presence of autocorrelation, see G. Judge, W. Hill,
R. Griffiths, H. Lutkepohl, and T. Lee, The Theory and
Practice of Econometrics, New York: John Wiley and Sons,
1985, pages 315- 318.
ELTCH = Number of public elementary classroom teachers, in
SCTCH = Number of public secondary classroom teachers, in
SGRANT = Education revenue receipts from state sources per
capita SGRANT3 = Education revenue receipts from state sources
per capita lagged 3 years
ELENR = Number of students enrolled in public elementary schools,
SCENR = Number of students enrolled in public secondary schools,
R2 indicates the coefficient of determination.
Numbers in parentheses are t-statistics.
U.S. Department of Education, National Center for Education
Statistics, Elementary and Secondary Teacher Model. (This
table was prepared June 2001.)