The data file Thailand Consumption shows 29 annual observations on private consumption (Y) and disposable income (X) in Thailand Fit the regression model log yt 0 1log x1t glog yt 1 t and write a report on your findings Test the null hypothesis of no autocorrelated errors against the alternative of positive autocorrelation

Question: The data file Thailand Consumption shows 29 annual observations on private consumption (Y) and disposable income (X) in Thailand. Fit the regression model log yt

The data file Thailand Consumption shows 29 annual observations on private consumption (Y) and disposable income (X) in Thailand. Fit the regression model
log yt = β0 + β1log x1t + γglog yt-1 + εt
and write a report on your findings. Test the null hypothesis of no autocorrelated errors against the alternative of positive autocorrelation.

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