Consider the lag patterns in the following figure. What degree polynomials would you fit to the lag

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Consider the lag patterns in the following figure. What degree polynomials would you fit to the lag structures and why?

Bi i i Lag Lag Bi х х х х Time Time

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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