Explaining Cointegration Analysis: Part 1.
Classical econometric theory assumes that observed data come from a stationary process, where means and variances are constant over time. Graphs of economic time series, and the historical record of economic forecasting, reveal the invalidity of such an assumption. Consequently, we discuss the impor...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
International Association for Energy Economics (IAEE)
2000
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