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I am woking to find out long run relationship between dependent variable i.e. "Y" and independent variables i.e. "X1","X2", "X3", "X4", "X5", "X6" through ARDL method. I have learnt the following procedure: Processing Steps: (1) C...

ARDL for long term relationship, use below: Quick Estimate Equation (LS - Least Squares) Type: d(y) c d(y(-1)) d(x1) d(x1(-1)) d(x2) d(x2(-1)) y(-1) x1(-1) x2(-1) Click Ok. Check the results (probs). If ok then click View, Coefficient Tests, Wald Type Restrictions: c(6)=0, c(7)=0, c(8)=0 If Probabil...