Describe two elements of a var

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Reference no: EM133454200

Question: State the six (6) steps that you would follow if you were to empirically carry lout a VECM analysis, after specifying your model and analysing the Descriptive Statistics. For each step remember to explain the reason

Name any two Cointegration tests that you know, and for which models they are used

1 Describe two elements of a VAR (Vector Auto Regressive Model)
2 Give three reasons for conducting VAR analysis?
3 What is the difference between correlation and causation (causality)
4 Explain the purpose of the following steps in conducting a VAR
4.tputse Response Functions
4. Variance Decomposition

Reference no: EM133454200

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