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a. Prove that for the Koyck model, the mean lag is as shown in Eq. (17.4.10). b. If is relatively large, what are its implications?

a. Prove that for the Koyck model, the mean lag is as shown in Eq. (17.4.10).

b. If λ is relatively large, what are its implications?

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a Since b If is very l…View the full answer


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Related Book For  answer-question
Basic Econometrics

Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Details
Chapter # 17
Section: Exercise Questions
Problem: 7
Posted Date: May 29, 2018 03:31:14
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