Explain why lags are important in models that use time-series data, and the ways in which lags
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Explain why lags are important in models that use time-series data, and the ways in which lags can be included in dynamic econometric models.
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Importance of Lags in Time Series Models In time series analysis lags are crucial because they capture the dependence of current observations on past values in the data Unlike independent and identica...View the full answer
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Related Book For
Principles Of Econometrics
ISBN: 9781118452271
5th Edition
Authors: R Carter Hill, William E Griffiths, Guay C Lim
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