Question
URGENT ANSWER Data COVID-19 Cases Daily Nov 2020-Jan 2021 new_cases 957 834 1054 1032 1009 1755 1168 852 972 869 822 919 1304 1114 1208
URGENT ANSWER
Data COVID-19 Cases Daily Nov 2020-Jan 2021
| new_cases |
| 957 |
| 834 |
| 1054 |
| 1032 |
| 1009 |
| 1755 |
| 1168 |
| 852 |
| 972 |
| 869 |
| 822 |
| 919 |
| 1304 |
| 1114 |
| 1208 |
| 1103 |
| 1210 |
| 660 |
| 1290 |
| 958 |
| 1041 |
| 1096 |
| 1884 |
| 2188 |
| 970 |
| 935 |
| 1109 |
| 1315 |
| 1309 |
| 1212 |
| 1472 |
| 851 |
| 1075 |
| 1141 |
| 1123 |
| 1335 |
| 1600 |
| 1012 |
| 959 |
| 2234 |
| 1810 |
| 1937 |
| 1229 |
| 1371 |
| 1772 |
| 1295 |
| 1220 |
| 1683 |
| 1153 |
| 1340 |
| 2018 |
| 2062 |
| 1348 |
| 1581 |
| 1247 |
| 2335 |
| 1196 |
| 1594 |
| 1925 |
| 1870 |
| 2525 |
| 2068 |
| 2295 |
| 1704 |
| 1741 |
| 2027 |
| 2593 |
| 3027 |
| 2643 |
| 2451 |
| 2433 |
| 2232 |
| 3309 |
| 2985 |
| 3337 |
| 3211 |
| 4029 |
| 3339 |
| 3306 |
| 3631 |
| 4008 |
| 3170 |
| 3631 |
| 4275 |
| 3346 |
| 3048 |
| 3585 |
| 3680 |
| 4094 |
| 5725 |
| 5728 |
| 5298 |
QUESTION 1 By using data above using R software, estimate the error correction models (ECM) and interpret the results. Explain how X and Y are related in the short run and how they are reacting to the past equilibrium error. In estimating the ECM, you should explain how you have chosen the number of lags for each equation. [10 marks]
Your answer should include and attach software output. Write clearly the null and alternative hypotheses, the critical value, the level of significance, the distribution that you use and your decision.
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
