Question: Consider the dynamic regression model: yt = 1.5 + 0.5yf_1 + 1.4m + 0.7xt_1 + at At time t', there is a step intervention of

Consider the dynamic regression model: yt = 1.5 + 0.5yf_1 +

Consider the dynamic regression model: yt = 1.5 + 0.5yf_1 + 1.4m + 0.7xt_1 + at At time t"', there is a step intervention of one-unit increase in x, which means that x remains one unit higher permanently since time t'. (3) Identify the estimated effect on y at t'\

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