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Discuss the following tests of unit roots in financial time series. a) Dickey and fuller tests (10 marks) b) Philips and Perron test (5 marks)

Discuss the following tests of unit roots in financial time series.

a) Dickey and fuller tests (10 marks)

b) Philips and Perron test (5 marks)

c) Kwiatkowski, Philips, Schmidt and Shin test. (5 marks)

d) Panel unit root tests. (5 marks)

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