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 Frictional unemployment Individuals who are temporarily unemployed when transiting between jobs or just entering labour market. This kind is typically short in durat
How are individual makes choices? Fundamental principles behind the individual choices are as follows: 1. Resources are scarce . 2. The real cost of anything is what y
how does economy works?
The Stop decay company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per month over the past year. Recently, its closest competitor, Decay fighter, redu
I am writing a macroeconomics commentary about a supply shock-induced inflation, can I include a shortage diagram I learnt in microeconomics and just change demand and supply to AD
When investment banks underwrite IPOs, they are typically sell stock for 5-10 percent more than they pay for it. When they underwrite stock for companies that are already public, t
The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some
What are the differences between perfect competition and monopoly competition? Ans) In a monopoly, you are gaining an unfair benefit over any competition because you own so many
7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?
Q. Describe about Capital? By capital we characteristically mean manufactured goods which are used to produce other services and goods though aren't used up in the production p
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