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.
Money is generally considered to have three economic functions: A medium of exchange. This is its most significant role. Without money we would live in a barter economy wher
Bread is a related good to peanut butter: show on the graph of the market for peanut butter, the impact on the price and quantity from an increase in the price of bread.
what is the difference between classical and non-classical model
In general, economists have found that as nations' levels of per capita real Gross Domestic Product (GDP) increase, A. the rate of population growth declines. B. the rate of
One of our clients is a major homebuilder in the Midwest. This company believes that sales of their new homes are highly correlated with business cycles in the overall US economy.
derive equations for IS,LM and AD curves.
Suppose the own price elasticity of demand for good X is -5, its income elasticity is 2, its advertising elasticity is 4, and the cross-price elasticity of demand between it and go
what is analitical approch to macroeconomics
Imputed values included in GDP are the: A) market prices of goods and services. B) estimated value of goods and services that are not sold in the marketplace. C) price of
which turning point marks the end of an economic prosperity and the start pf contraction
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