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.
What is the significance of the observations made by OECD in this case study regarding “The OECD economies are more strongly dependent on the production, distribution and use of kn
Suppose that a paper mill "feeds " a downstream box mill. For the downstream mill, the marginal profitability of producing boxes declines with volume. For example, the first unit o
Hello, I am having difficulty in understanding what multiplier is.
what are the effects of interest rate in the economy of south africa in unemployment, economic groth, employment. and economic growth
Suppose the demand for bread is D(p), where dD/dp Illustrate equilibrium with price on the Y-axis and quantity on the X-axis in which the t > 0. Show the economic incidence
SUPPOSE MR.CHANSA DEPOSIT HIS MONEY INTO BANK-B,HOW WOULD THE T-BALANCE SHEET LOOK LIKE FOR BANK-B
Private sector in the circular flow The private sector total income is known as the national income. Because private sector receives the entire return from the factors of pr
Hello sir, madam... I am hassan PHD student. I''m lost to get a good frame work of my thesis about e government and economic growth. and I need to know how to measure the variable
(a) Explain the meaning of efficiency in economics and use a sketch diagram to illustrate its attainment by reference to the Production Possibility Curve. (b) Refer to the
Show the effects on the price level and real GDP of a major union wage settlement that significantly increases wages. Is this a supply shock, a demand shock, or both?
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