The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is AUTOCORRELATION

A statistical measure that indicates the degree of CORRELATION of a random variable with itself; specifically, it measures the relationship between a value in a time series and those that occur before and after. Positive autocorrelation indicates that deviations from the equilibrium exist across periods, while negative autocorrelation means that deviations tend to be reversed. See also CORRELATION.

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