Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Lag Length criteria
VAR Lag Order Selection Criteria
Endogenous variables: OIL EXCH R RPI LUNEMP GDP
Exogenous variables: C
Date: 04/10/12 Time: 09:40
Sample: 1980Q1 2011Q4
Included observations: 90
Lag
LogL
LR
FPE
AIC
SC
HQ
0
-1297.398
NA
152838.1
28.96439
29.13105
29.03160
1
-629.2589
1232.345
0.121419
14.91686
16.08344
15.38730
2
-546.9702
140.8050
0.043857
13.88823
16.05473*
14.76189*
3
-502.2073
70.62590
0.037065
13.69350
16.85992
14.97039
4
-469.5335
47.19560
0.042007
13.76741
17.93376
15.44753
5
-424.0268
59.66430
0.037071
13.55615
18.72242
15.63950
6
-377.6019
54.67826
0.033616
13.32449
19.49068
15.81106
7
-312.0832
68.43057
0.021261
12.66852
19.83464
15.55832
8
-247.3143
59.01173*
0.014906*
12.02921*
20.19525
15.32223
* indicates lag order selected by the criterion
LR: sequential modified LR test statistic (each test at 5% level)
FPE: Final prediction error
AIC: Akaike information criterion
SC: Schwarz information criterion
HQ: Hannan-Quinn information criterion
Fig - Table of Lag Order Selection Criteria from Eviews
From Fig it can be seen that the AIC statistic minimises at a lag length of 8. Therefore, according to Akaike, this should be the lag length which is used in the VAR model. However it can also be seen that the SC and HQC both minimise at the lag length 2. As the lag length 2 satisfies more than one criterion, and therefore the majority of criteria assessed in this paper, this length will be chosen.This length should produce the best goodness of fit for the VAR model.
1. Suppose that the supply curve for school-teachers is LS = 20,000 + 350W, and the demand curve for schoolteachers is LD = 100,000 - 150W, where L = the number of teachers and W =
Determine about the Inflation rate For many central banks, this is the variable they are mostly interested in controlling. For all central banks, it is an important variabl
Determine the term- Nominal wages The nominal wage is wage per unit of time in currency used in the country- what we mainly just call wage. When we refer to wage in macroeconom
It was observed that following a one standard deviation shock to the price of oil, interest rates rose sharply immediately afterwards reaching a maximum after two quarters. Then fr
Financing of Fiscal Deficit: Since the size of balanced budget of the multiplier is small, it is not for all time possible to get the needed demand expansion by raising the exp
State the both -Cyclical and Classical unemployment Cyclical unemployment Unemployment because of a recession. Classical unemployment Unemployment because of
In a survey of 155 publicly-traded companies, the average price-earnings ratio was 18.3 with a standard deviation of 7.6. When testing the hypothesis (at the 5% level of significan
What was the total public debt outstanding on the same day in 2000? What was it in 2008?
For a single nonprofit provider, describe an output-maximizing model to predict supplier behavior.
What are three modifications to a polymer that can make it transparent? How will these modifications affect the mechanical properties of the polymer?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd