John Durbin
Breakthrough Years
1950
John Durbin, along with Geoffrey Watson, introduced the Durbin-Watson statistic. This groundbreaking test detects the presence of autocorrelation in the residuals from regression analysis, a critical tool in econometrics.
1970
Durbin introduced the Durbin's h-statistic, a further advancement in time-series econometrics. This test specifically addresses autocorrelation when the regression model includes a lagged dependent variable, expanding the applicability of his earlier work.