Hey guys
I am running my first ever ARDL model assignment and just having a few issues because im still new at this stuff.
I logged 2 outve my 4 variables, GDP and unemployment, and left interest and inflation as normal due to negatives.
Is this fine? can i choose to log only 2 variables or is it required to log everything?
Also i have attatched a file with my results, any assistance in helping me interpret the data will be of great help!
Thanks in advance
Mike
Student paper, please help!
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Student paper, please help!
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Re: Student paper, please help!
Econometrically, there is no issue if you log only some of your variables. At the end of the day, ARDL is just a LS regression. Nevertheless, the interpretation of what coefficients mean will depend on which variables are logged. Have a look at the attached document to better understand coefficient interpretation under log transformations. Also, please see our 3 part blog on the theory and practice of ARDL models. The links are below.
http://blog.eviews.com/2017/04/autoregressive-distributed-lag-ardl.html?m=1
http://blog.eviews.com/2017/05/autoregressive-distributed-lag-ardl_8.html?m=1
http://blog.eviews.com/2017/05/autoregressive-distributed-lag-ardl.html?m=1
http://blog.eviews.com/2017/04/autoregressive-distributed-lag-ardl.html?m=1
http://blog.eviews.com/2017/05/autoregressive-distributed-lag-ardl_8.html?m=1
http://blog.eviews.com/2017/05/autoregressive-distributed-lag-ardl.html?m=1
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Re: Student paper, please help!
Thank you so much for your help, i really appreciate it, and thank you for the links you provided, i will start diving into them right away!
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