Question: Using the U.S. economic time series data posted on the books website, obtain sample correlograms up to 36 lags for the time series LPCE, LDPI,

Using the U.S. economic time series data posted on the book’s website, obtain sample correlograms up to 36 lags for the time series LPCE, LDPI, LCP(profits), and LDIVIDENDS. What general pattern do you see? Intuitively, which one(s) of these time series seems to be stationary?

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The correlograms for all these time series very much resemble the log GDP correlogram given in the f... View full answer

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