c) The outputs below are used to decide whether 2 economic time series in the graph are cointegrated S S 2 20100m1 2005m1 2010m1 2015m1 2020m1 data x1 x2 2000m1 2005m1 2010m1 2015m1 2020m1 date Engle-Granger test for cointegration N (1st step) 288 N (test) 287 Test 13 Critical 5% Critical 10% Critical Statistic Value Value Value Z (t ) -3. 682 -3.935 -3. 358 -3.059 15 Critical values from Mackinnon (1990, 2010) Engle-Granger 1st-step regression x1 Coef. Std. Err. P>It| [95% Conf. Interval] x2 1. 036729 . 0054261 191.06 0 . 000 1 . 026048 1. 047409 cons -2.291353 4852338 -4. 72 0. 000 -3.246436 -1.336271 Engle-Granger test regression D. egresid Coef. Std. Err. t [95% Conf. Interval] egresid L1 . . 0908901 . 0246842 -3. 68 0. 000 -. 1394757 -. 0423044 Are the two series co-integrated? Give reasons for your answer d) Can you estimate a long-run relationship between these two variables? Give reasons for your