Code
ifr_runs_test(resid, residual)
Output
Runs Test
Total Cases: 32
Test Value : -0.9630856
Cases < Test Value: 16
Cases > Test Value: 16
Number of Runs: 11
Expected Runs: 17
Variance (Runs): 7.741935
z Statistic: -2.156386
p-value: 0.03105355
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