Question
3.(5 points) Suppose you estimated an autoregressive distributed lag model for time series dataset and obtained following result: Y = 1.3+0.4Y-1 +2.5X, +0.2.X-1+u then,
3.(5 points) Suppose you estimated an autoregressive distributed lag model for time series dataset and obtained following result: Y = 1.3+0.4Y-1 +2.5X, +0.2.X-1+u then, which of the following arguments are correct A. The coefficients in front of the Xs are the dynamic multipliers B. The regression result suggests the dependent variable Y is nonstationary C. The first dynamic multiplier equals to 2.5 D. The long-run cumulative dynamic multiplier equals to 4.5
Step by Step Solution
3.43 Rating (162 Votes )
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below A Corr...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Statistics For Business And Economics
Authors: Paul Newbold, William Carlson, Betty Thorne
9th Global Edition
978-1292315034, 1292315032
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App