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.
Q. Explain the classical growth theory? Production function won't provide us with a theory or explanation of growth. It's only a convenient tool that helps us breaking down gro
i want an answer for my q Question 3 (5 marks) Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (eco
Since anyone is able to obtain a license, not necessarily the low cost suppliers of archery lessons, and it is not necessarily the individuals with the highest willingness to pay w
National Product and Domestic Product A modern economy produces literally thousands of different goods and services. Some of these goods and services such as rice, wheat, shir
Index number formulas
Explain about the nominal Gross domestic product It isn't very common to use CPI in construction of real GDP. The reason is that CPI measures the price evolution of consumer go
What is money wage rate While the money wage rate or nominal wage rate is the hourly wage rate calculated in money that a worker receives for supplying labour, the real wage r
Ask question #impotance of capital output ratio#
Q. Equilibrium in the labor market? Equilibrium in the labor market Real wage W/P will be equal to the equilibrium real wage in the classical model
The Research and Development Division of your company has just developed a new gaming system called the Zed Box. The R&D Division spent $800,000 developing this product and the Ma
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