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.
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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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