Estimator of the cointegrating coefficient is consistent

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Reference no: EM131109510

If two variable Xt and Yt are cointegrated, then the OLS estimator of the cointegrating coefficient is consistent. However, the OLS estimator has a nonnomal distribution, to have right inferences we have to use ……

a- The DOLS (Dynamic OLS) estimator with HAC standard errors.

b- The DOLS (Dynamic OLS) estimator only.

c- The OLS estimator with HAC standard errors.

d- B or C.

Reference no: EM131109510

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