Using the Canadian data given in the following table, find out if M1 and R are stationary

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Using the Canadian data given in the following table, find out if M1 and R are stationary random variables. If not, are they cointegrated? Show the necessary calculations.

Observation M1 GDP 22,175.00 22,841.00 23,461.00 23,427.00 1979-1 11.13333 0.77947 334,800 336,708 340,096 341,844 342,7

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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