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The data file oz.dat contains quarterly data on disposable income and consumption in Australia from 1985:1 to 2005:2. (a) Test each of these series for
The data file oz.dat contains quarterly data on disposable income and consumption in Australia from 1985:1 to 2005:2. (a) Test each of these series for stationarity. (b) What do you conclude about the "order of integration" of each of these series? (c) Is consumption cointegrated with, or spuriously related to, disposable income? The data file oz.dat contains quarterly data on disposable income and consumption in Australia from 1985:1 to 2005:2. (a) Test each of these series for stationarity. (b) What do you conclude about the "order of integration" of each of these series? (c) Is consumption cointegrated with, or spuriously related to, disposable income
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