Question: C11.9 Use the data in TRAFFIC2.RAW for this exercise. Computer Exercise C10.11 previously asked for an analysis of these data. (i) Compute the first order
C11.9 Use the data in TRAFFIC2.RAW for this exercise. Computer Exercise C10.11 previously asked for an analysis of these data. (i) Compute the first order autocorrelation coefficient for the variable prcfat. Are you concerned that prcfat contains a unit root? Do the same for the unemployment rate. (ii) Estimate a multiple regression model relating the first difference of prcfat, prcfat, to the same variables in part (vi) of Computer Exercise
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
