14.1 Look at the four plots in Figure 14.2the US unemployment rate, the dollar-pound exchange rate, the
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14.1 Look at the four plots in Figure 14.2—the US unemployment rate, the dollar-pound exchange rate, the logarithm of the index of industrial production, and the percentage change in stock prices. Which of these series appears to be non-stationary? Which of them appears to resemble a random walk?
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Related Book For 
Introduction To Econometrics
ISBN: 9781292071367
3rd Global Edition
Authors: James Stock, Mark Watson
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