Question

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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