Apply the same model sequence used in Example 6.2 to the extended velocity series (1869-1988) (e.g. Koop

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Apply the same model sequence used in Example 6.2 to the extended velocity series (1869-1988) (e.g. Koop and Steel, 1994). This series is identified as non-stationary (with significant probability that \(ho>1\) ) by Bauwens et al. (2000). The data for this series are included in Exercise 6.2. odc.

Data from Example 6.2

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