c. enr Iter: Series: UNRATE Workfile: UNRATE 1970::Untitled\ View Proc Object Properties Print Name Freeze Sample Genr Sheet Graph Stats Ident Correlogram of UNRATE 回 lame Date: 09/25/24 Time: 18:25 Sample: 1970M01 2024M08 Included observations: 656 Autocorrelation Partial Correlation AC PAC Q-Stat Prob 2 1 0.961 0.961 608.41 0.000 0.920 -0.045 1166.7 0.000 3 0.885 0.062 1684.4 0.000 4 0.850 -0.025 2162.8 0.000 5 0.821 0.061 2609.3 0.000 6 0.792 -0.013 3025.7 0.000 7 0.766 0.031 3415.9 0.000 8 0.739 -0.024 3780.0 0.000 9 0.712 -0.014 4118.1 0.000 10 0.683 -0.030 4430.2 0.000 11 0.656 -0.003 4717.8 0.000 12 0.627 -0.031 4981.2 0.000 x e d. Given your output for (c), interpret what the 2nd row in the Q-stat column means. In your answer, include what is the value being discussed, what is the implicit null hypothesis, the alternative hypothesis, and whether there is evidence to reject the null hypothesis. Elaborate your answers. For full credit, any statement ought to be substantiated.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
c.
enr
Iter:
Series: UNRATE Workfile: UNRATE 1970::Untitled\
View Proc Object Properties Print Name Freeze Sample Genr Sheet Graph Stats Ident
Correlogram of UNRATE
回
lame
Date: 09/25/24 Time: 18:25
Sample: 1970M01 2024M08
Included observations: 656
Autocorrelation
Partial Correlation
AC
PAC Q-Stat Prob
2
1 0.961 0.961 608.41 0.000
0.920 -0.045 1166.7 0.000
3 0.885 0.062 1684.4 0.000
4 0.850 -0.025 2162.8 0.000
5 0.821 0.061 2609.3 0.000
6 0.792 -0.013 3025.7 0.000
7 0.766 0.031 3415.9 0.000
8 0.739 -0.024 3780.0 0.000
9 0.712 -0.014 4118.1 0.000
10 0.683 -0.030 4430.2 0.000
11 0.656 -0.003 4717.8 0.000
12 0.627 -0.031 4981.2 0.000
x
e
d. Given your output for (c), interpret what the 2nd row in the Q-stat column means. In your
answer, include what is the value being discussed, what is the implicit null hypothesis, the
alternative hypothesis, and whether there is evidence to reject the null hypothesis. Elaborate
your answers. For full credit, any statement ought to be substantiated.
Transcribed Image Text:c. enr Iter: Series: UNRATE Workfile: UNRATE 1970::Untitled\ View Proc Object Properties Print Name Freeze Sample Genr Sheet Graph Stats Ident Correlogram of UNRATE 回 lame Date: 09/25/24 Time: 18:25 Sample: 1970M01 2024M08 Included observations: 656 Autocorrelation Partial Correlation AC PAC Q-Stat Prob 2 1 0.961 0.961 608.41 0.000 0.920 -0.045 1166.7 0.000 3 0.885 0.062 1684.4 0.000 4 0.850 -0.025 2162.8 0.000 5 0.821 0.061 2609.3 0.000 6 0.792 -0.013 3025.7 0.000 7 0.766 0.031 3415.9 0.000 8 0.739 -0.024 3780.0 0.000 9 0.712 -0.014 4118.1 0.000 10 0.683 -0.030 4430.2 0.000 11 0.656 -0.003 4717.8 0.000 12 0.627 -0.031 4981.2 0.000 x e d. Given your output for (c), interpret what the 2nd row in the Q-stat column means. In your answer, include what is the value being discussed, what is the implicit null hypothesis, the alternative hypothesis, and whether there is evidence to reject the null hypothesis. Elaborate your answers. For full credit, any statement ought to be substantiated.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education