Question: Download the same data as in Exercise 1, but at the quarterly frequency. Compute the ACF and PACF functions of quarterly house prices, interest rates,

Download the same data as in Exercise 1, but at the quarterly frequency. Compute the ACF and PACF functions of quarterly house prices, interest rates, house price growth, and interest rates changes. Comment on the differences across autocorrelation functions. In which series do you find stronger time dependence? Examine the differences in the autocorrelation functions of quarterly data versus annual data.

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We plot the ACFs and PACFs of the same data as in Exercise 1 at the quarterly frequency in statistics 5 to 8 Observe that for the time series in level... View full answer

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