Calculate the impulse-response functions. Explain the four functions and discuss your findings. Do you have any prior

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Calculate the impulse-response functions. Explain the four functions and discuss your findings. Do you have any prior knowledge about the economies of both MSAs? Comment on whether the ordering of the series matters for your results.

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Forecasting for Economics and Business

ISBN: 978-0131474932

1st edition

Authors: Gloria Gonzalez Rivera

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Question Posted: Feb 25, 2016 06:19 AM

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Calculate the impulse-response functions. Explain the four functions and discuss your findings. Do you have any prior

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The correlation coefficient between the residuals from each equation in the VAR is 071 which implies that a shock in one market will produce a contemporaneous reaction in the other Since we wish to tr...View the full answer

Forecasting for Economics and Business

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