The data file Thailand Consumption shows 29 annual observations on private consumption (Y) and disposable income (X)
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log yt = β0 + β1log x1t + γglog yt-1 + εt
and write a report on your findings. Test the null hypothesis of no autocorrelated errors against the alternative of positive autocorrelation.
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The regression model includes the lagged value of the dependent variable as an independent variable ...View the full answer
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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