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1-Plot your X variables (Stats>Time Series>TS plot) and describe what you see. For each X variable, explain if it is stationary vs nonstationary, multiplicative vs.
1-Plot your X variables (Stats>Time Series>TS plot) and describe what you see. For each X variable, explain if it is stationary vs nonstationary, multiplicative vs. additive, seasonal or not, trending vs. not, if trending, is the trend linear vs non-linear?
I have already plotted the X Variable time series plots. My X variables are Personal Consumption Expenditure and the Natural Rate of Unemployment. Thanks in advance!
Autocorrelation Function for Natural Rate of Unemployment (with 5% significance limits for the autocorrelations) 1.0 0.8 0.6 0.4 0.2 HIT Autocorrelation 0.0 -0.2 -0.4 -0.6 -0.8 -1.0 8 10 11 12 7 9 2 4 Uni 6 LagAutocorrelation Function for Personal Comsump Expend (with 5% significance limits for the autocorrelations) 1.0 0.8 0.6 0.4 0.2 Autocorrelation 0.0 -0.2 -0.4 -0.6 -0.8 -1.0 12 2 4 Uni 6 7 8 9 10 11 Lag
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