Question: The data file Money UK contains observations from the United

The data file Money UK contains observations from the United Kingdom on the quantity of money in millions of pounds (Y); income, in millions of pounds 1X12; and the local authority interest rate (X2). Estimate the model (Mills 1978)
yt = β0 + β`x1t + β2x2t + γgyt-1 + εt
and write a report on your findings.
What can be concluded from the Durbin-Watson statistic for the fitted regression?



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  • CreatedJuly 07, 2015
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