Dear everyone,
I am using Eviews 14 to estimate an NARDL model by using log-log form. In the results of CEC model or ECM, the dependent variable is log(y), but not delta log(y). Please tell me why. Thanks a lot.
Best regards,
Tetsuya
Why is dependent variable in CEC model log(y), but not delta (log(y)) in NARDL?
Moderators: EViews Gareth, EViews Moderator
Re: Why is dependent variable in CEC model log(y), but not delta (log(y)) in NARDL?
Now I understood that because log(y(t-1)) is on the right side, delta (log(y)) on the left becomes log(y).
Best regards,
Tetsuya
Best regards,
Tetsuya
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