please explain these questions, like explaining to the beginner. thank you.
1. I have use the add-in and got the run test, there are 2 type of run test, would it make any difference? (referring to graph 1)
2. according to the Wikipedia, runs tests can be used to test the randomness of a distribution, by taking the data in the given order and marking with + the data greater than the median, and with – the data less than the median. however, i guess eviews would do it for me? if not, please correct me.
3. according to the theory mention from (2), i just need to change the threshold value to medium? or what threshold value should i use? there are mean, medium, and user. (referring to graph 2)
4. what does user here mean?
5.what do C1, R1, R2 mean from the result? and what do these parameter implying? (referring to graph 3)
how to use run test in eviews
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