The data file Thailand Consumption shows 29 annual observations on private consumption (Y) and disposable income (X)

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The data file Thailand Consumption shows 29 annual observations on private consumption (Y) and disposable income (X) in Thailand. Fit the regression model
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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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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