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- Wed Aug 12, 2015 7:37 am
- Forum: Econometric Discussions
- Topic: AR(1) term in OLS vs. first lag of dependent variable
- Replies: 3
- Views: 6980
Re: AR(1) term in OLS vs. first lag of dependent variable
Probably a silly question. But in this case when you no longer have equivalence between the two models, how do you determine whether doing AR(1) or using a first lag is appropriate?