The data file (g d p 5) contains the data on (G D P) displayed in Figure

Question:

The data file \(g d p 5\) contains the data on \(G D P\) displayed in Figure 12.1.

a. Is \(G D P\) stationary or nonstationary? Explain your choice of test equation.

b. What is the order of integration of GDP?

c. Construct and estimate a suitable model for forecasting GDP in 2017Q1. What is your forecast?

Data From Figure 12.1:-

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Related Book For  book-img-for-question

Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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