The data file csi contains the Consumer Sentiment Index (CSI) produced by the University of Michigan for

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The data file csi contains the Consumer Sentiment Index (CSI) produced by the University of Michigan for the sample period 1978M1-2006M12.

a. Perform all three Dickey-Fuller tests. Are the results consistent? If not, why not?

b. Based on a graphical inspection of the data, which test should you have used?

c. Does the CSI suggest that consumers "remember" and "retain" news information for a short time, or for a long time?

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Apr 02, 2024 02:00 AM

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The data file csi contains the Consumer Sentiment Index (CSI) produced by the University of Michigan for

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a Performing DickeyFuller tests The DickeyFuller test is commonly used to test for the presence of a unit root in a time series indicating whether the series is stationary or nonstationary Well perfor...View the full answer

Principles Of Econometrics

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