Question: Perform a Granger Causality analysis using Wald test to evaluate whether any of state-level rate leads Chicago's average gas price. Would any of the indicators
Perform a Granger Causality analysis using Wald test to evaluate whether any of state-level rate leads Chicago's average gas price. Would any of the indicators help in predicting or explaining Chicago's gas prices in the future? Provide your interpretation based on the Granger causality as well as for forecasting comparison in (2d). For this, use the unrestricted bic model from Question 2a
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