The data file (g d p 5) contains the data on (G D P) displayed in Figure
Question:
The data file \(g d p 5\) contains the data on \(G D P\) displayed in Figure 12.1.
a. Is \(G D P\) stationary or nonstationary? Explain your choice of test equation.
b. What is the order of integration of GDP?
c. Construct and estimate a suitable model for forecasting GDP in 2017Q1. What is your forecast?
Data From Figure 12.1:-
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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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